Loading ...Suddenly pundits are saying the low oil price (after seven or eight trading days!) is deflationary and Powell needs to cut NOW, the dopey sod, can’t he see? Trump wants lower rates too, but not for deflationary reasons, hence his excoriation of Powell.
The Aussie collapsed in a similar fashion at the same time, but has already recovered its losses; I think the last two days in oil is just it catching up and in a couple more weeks the dump/pump will just be noise on the charts.
And for being a pedestrian.
That’s it. Enjoy.
p.s. maybe check that your life insurance covers you for extreme sports.
What will they do ….Lord knows……but there is no news here on the event…it ain’t happening !!!!!
Tks for the oil news……the charts support a big move, for the Co’s
Yes that’s what it looks like. Must make it difficult for busses to have to drive that street and no traffic control. Sounds like they’re still showing up on the beaches from boats to Italy. From Normandy to this. What happened?
Please see my posts of 10:45 and 15:57……
Slam them, then expose them.
I hope you’re right. We don’t need another war!
Cheers
Ipso – that story about Yemen is fake news, the sources being Bloomberg and WSJ. It also looks like we won’t be attacking Iran either anytime soon. Unless the Globalists/EU/deep state pull off some false flag, I’m pretty sure peace is going to be breaking out. The hawks failed to sway Trump. If they try a false flag, they’ll be blamed for it. All according to Roger Stone.
Maddog, deer79 – oil shot higher today, any idea why?
Yeah that guy was a reckless bike rider! The people in that video must come from someplace there’s few cars. They all walk in the street when the sidewalks are clear.
Africa,boy he was driving fast. I’m surprised they didn’t go after him. By the time he apologized they couldn’t hear him .He was saying to tell everyone to let them know. That they’re migrants going from a place in Italy. Or what I could make out of it. He wants everyone to know what’s going on.
…..and this bit of news is helping the oil companies’ performance today……
the Energy Department is eyeing steep cuts that could wipe out nearly $10 billion in clean-energy funding, jeopardizing major projects with Exxon Mobil and Occidental Petroleum.
Or, as the market appears to see it, a cost saving measure for the likes of Exxon, who will no longer have to endeavor to spend on low-margin “green” businesses.
Some days I’m glad I’m not a fireman. They must hate those EVs! 
So what are they going to do with the ship? Will it be totaled? What shipping co will want to transport EVs? The insurance costs must be astronomical.
This is a chart of the XOP…the oil explorer ETF…it is a picture book perfect Inverted Head & Shoulders, with volume confirmation…..left shoulder increasing into the head where it peaks and then declines into the right…..thatb projects way up…if so the majors should follow as well…..If Trump is successful the economies will take off and the demand for energy goes way up, well before new fields can be opened, so oil should stay strong and oil Co earning as well
This the majors..more distorted..but still there
” so let’s hope his counts are correct.”
I’ll second that notion! We could do with a multi year commodity boom!
You have a great weekend too!
Cheers
If history should repeat, I get a PO of $8,000 to $10,000 FWIW!
This EWT analysis goes along with that view … and it’s credible … so let’s hope his counts are correct.
Buygold will like this one.
Even if we have to wait for the Fed to panic it should come this year.
Good long weekend all … get out and enjoy nature
They ARE screwed! I wonder if the situation is recoverable? Certainly not if they keep importing droves of immigrants!
US Mulls Ground War In Yemen Via Mercenaries, Pro-Saudi Factions
Bloomberg reports Wednesday that the United States is currently in talks with Saudi-supported Yemeni forces (who have long fought the Houthi rebels) to cobble together a possible new land offensive to send against the Shia militant group which is allied to Iran.
“Yemeni forces opposed to the Houthis are in talks with the US and Gulf Arab allies about a possible land offensive to oust the militant group from the Red Sea coast, according to people involved in the discussions,” Bloomberg writes.
https://www.zerohedge.com/geopolitical/us-mulls-ground-war-yemen-mercenaries-pro-saudi-factions
That does not look like the Paris I visited in 1973, and just one example in one country. Good Lord. Europe is so screwed.
Exxon…hmm. Blue chips have appeal, but I would be concerned about investing in a very inflated stock market. I think I’d rather have cash to invest after a major correction, which I have believed was overdue for a long time. But who knows? I don’t. Thanks for the reply.
Axel Merk
@AxelMerk
·
Apr 16
$Gold now (white) vs. 1976 (blue), normalized.
For illustrative purposes only—correlation ≠ prediction.
I’m sharing this because of rising chatter about historical parallels.
Take it with a (huge) grain of salt and draw your own conclusions.
Source: BBG
