Because Bush will talk tonight. The Dems are warning him about attacking Iran, the Fed has no choice but to print more fiat currency, the world is awash in currency and jumping from the dollar to the euro is like jumping from the fry pan to the fire, Bernake is gonna clean up the mess and leak out the truth about our GDP in 2006 being 1/4 the amount owed SS and Medicare and Medicaid, Bernake and his buddy failed in China, there are bumper stickers being sold with our Presidents last day in office printed on them, the date elludes me right now, the January effect in the Stock market is just about over, tech stocks are dropping, pfizer is laying off, speculation, world demand. Or JUST PLAIN SHORT COVERING.
If I am wrong..........well then.........nevermind
Bloomberg reported that, “OPEC nations are unloading Treasuries at the fastest pace in more than three years as crude oil prices tumble, sending bond yields higher.
Then of course it could be that there is a second US Aircraft Carrier steaming towards the Middle East in an attempt to warn Iran to back off
and a third, I believe is nearby.
They don't bottle multiples of Carrier Battle Groups in the Persian Gulf just for fun.
Just In:
Oil ends at 2-week high on plans to boost U.S. oil reserveLast Update: 2:59 PM ET Jan 23, 2007
SAN FRANCISCO (MarketW*tch) -- March crude rallied $2.46, or 4.7%, to close at a two-week high of $55.04 a barrel Tuesday after peaking at the $55.15 level. Phil Flynn, a senior analyst at Alaron Trading attributed the late-session rally to a two-week intraday high of $55.15 to U.S. Energy Secretary Samuel Bodman's announcement that the government will boost the size of the nation's emergency oil reserve. It'll begin buying crude this Spring at a rate of about 100,000 barrels per day, according to Dow Jones Newswires. The acquisition is part of a new plan to double the capacity of the Strategic Petroleum Reserve to 1.5 billion by 2027, the report said.
<< <i>Typically, gold has tracked with oil, Bear >>
Yes and gold has fallen with a rising dollar. We have had neither to support gold but there it goes. World tension? What's new there. SameOsameO, nothing new there either.
The fact is that every country has learned that they can print themselves all they want to pay their bills but now things are changing. The links to oil and the dollar are changing because all paper is falling as each country tries to buy their constituents and lower their currency value to promote trade. Too much paper.
In addition, gold mining has been a loser for years and most mines are either tapped out or shut down. No one has invested in new mines in 15 years. Supply is dwindling. If not for the futures manipulations on Wall Street the price would be much higher.
Elementary - the big behind the scenes players scared enough small money out with their last round of manipulation, and now they're ready to let it run awhile to sucker the poor b*stards back in.
Comments
Central Banks selling US Treasuries
Falling oil
increasing uncertainty in middle east
EQUALS/ increased prices for gold, silver and platinum.
Camelot
I knew it would happen.
If I am wrong..........well then.........nevermind
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
link
Inflation and war are together. The world has had enough of our paper.
under Democratic Administrations then Republican Administrations.
Don't know why, seems to defy reason, but it is so.
Camelot
<< <i>
Falling oil
>>
Crude has been rallying the last few days since the low of 50 hit last week.
https://www.pcgs.com/SetRegistry/collectors-showcase/world-coins/one-coin-per-year-1600-2017/2422
<< <i>
<< <i>
Falling oil
>>
Crude has been rallying the last few days since the low of 50 hit last week. >>
Typically, gold has tracked with oil, Bear.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
and a third, I believe is nearby.
They don't bottle multiples of Carrier Battle Groups in the Persian Gulf just for fun.
Just In:
Oil ends at 2-week high on plans to boost U.S. oil reserveLast Update: 2:59 PM ET Jan 23, 2007
SAN FRANCISCO (MarketW*tch) -- March crude rallied $2.46, or 4.7%, to close at a two-week high of $55.04 a barrel Tuesday after peaking at the $55.15 level. Phil Flynn, a senior analyst at Alaron Trading attributed the late-session rally to a two-week intraday high of $55.15 to U.S. Energy Secretary Samuel Bodman's announcement that the government will boost the size of the nation's emergency oil reserve. It'll begin buying crude this Spring at a rate of about 100,000 barrels per day, according to Dow Jones Newswires. The acquisition is part of a new plan to double the capacity of the Strategic Petroleum Reserve to 1.5 billion by 2027, the report said.
<< <i>Typically, gold has tracked with oil, Bear >>
Yes and gold has fallen with a rising dollar. We have had neither to support gold but there it goes. World tension? What's new there. SameOsameO, nothing new there either.
The fact is that every country has learned that they can print themselves all they want to pay their bills but now things are changing. The links to oil and the dollar are changing because all paper is falling as each country tries to buy their constituents and lower their currency value to promote trade. Too much paper.
In addition, gold mining has been a loser for years and most mines are either tapped out or shut down. No one has invested in new mines in 15 years. Supply is dwindling. If not for the futures manipulations on Wall Street the price would be much higher.
Then - rinse, and repeat.
"The government this spring will start buying 100,000 barrels of oil a day to expand the stockpile"
???
Not today! And IMO oil will keep rising from here.
that gets my vote for the latest round of the rinse and repeat.
SD