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YOUR BALANCE
oil futures below zero, and the market only down 400
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oil futures below zero, and the market only down 400


Apr 20, 2020, 2:55 PM

commodities markets are so unbalanced in every direction.

S&P also seems out of touch with reality.

flag link military_tech thumb_downthumb_up

There's a pucker factor


Apr 20, 2020, 2:58 PM

And then there are Russian and Saudi pucker factors! They reaped...and now they're sowing. Wonder where Putin will hide?

2024 orange level member flag link military_tech thumb_downthumb_up

also in the US, banks are on the other side of some of these


Apr 20, 2020, 3:08 PM

hedges, so the danger is in cascade effect.

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Re: oil futures below zero, and the market only down 400


Apr 20, 2020, 4:29 PM

Systems being reset. Say bye to the petro dollar, the new standard will be gold. Russia + SA already have enough gold stores to represent their debt (Russia has no debt). My guess is the price/value of gold will need to rise significantly to match the US debt. Never made sense anyway that the 2nd most abundant liquid on the plant should be worth so much. Good times ahead hopefully.

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