Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Or there's more money in circulation versus product available to buy.Flight to safety? That doesn't make any sense. If gold and silver were spiking while everything else was flat, sure, but you don't invest in oil unless you think the price is going up, and that's only going to happen if demand is up.
aka I-N-F-L-A-T-I-O-N.
Except inflation is currently running at 0-3% a year. Now, down the road might be a different story.
Or there's more money in circulation versus product available to buy.Flight to safety? That doesn't make any sense. If gold and silver were spiking while everything else was flat, sure, but you don't invest in oil unless you think the price is going up, and that's only going to happen if demand is up.
aka I-N-F-L-A-T-I-O-N.
Except inflation is currently running at 0-3% a year. Now, down the road might be a different story.
Except inflation is currently running at 0-3% a year. Now, down the road might be a different story.
Exactly.
Rubes.
Metals aren't the only place people go to maintain value.
In case you missed it, almost all commodities are up.
Or there's more money in circulation versus product available to buy.
aka I-N-F-L-A-T-I-O-N.
Except inflation is currently running at 0-3% a year. Now, down the road might be a different story.
You dont honestly believe those bs govt inflation numbers do you? Everybody knows real inflation is more than that.
Metals aren't the only place people go to maintain value.
In case you missed it, almost all commodities are up.
Metals aren't the only place people go to maintain value.
In case you missed it, almost all commodities are up.
Which rests on something far more obvious: the economy is improving.
I don't "believe" oil inventories are down, I KNOW they are.No demand for oil driving up prices can be substantiated at all. Paulie, I believe that the inventories are much higher than what you believe. Oil prices are be driven up because they are being treated as a commodity, not as a product. Why? Because the dollar is weak. Once the bubble on oil bursts, the investors will go jump on the dollar band wagon, driving down oil prices and the euro.
Oil is being "treated as a commodity and not as a product"? This makes no sense. OIL IS a commodity, but you're somewhat right in that it isn't being treated as a product because there is not this DEMAND for it as the TV and newspapers would like us to believe. The DEMAND is for the run-up in price, not use. It's just an inflation trade, and the price should settle back down somewhere around $60 where it belongs. There's no "bubble" quite yet. A "bubble" was LAST year when it was at $150.The American Petroleum Institute late Tuesday showed crude stocks fell 3.532 million barrels last week, gasoline stocks dipped 255,000 barrels and distillate stocks (diesel/heating oil) dropped 671,000 barrels.