P.S. Am I the only one interested in oil around here? Can you please suggest a dedicated oil section on your website; or alternatively, the best oil guidance website you've come across (although I'm more comfortable having your guidance on it). Thanks!
Thanks very much! It is really disturbing because oil should *not* have shot up to $70 (from $62) within a week anyway! Yes, agreed that SEC's comments on oil speculation retreated the price from $69 to $62 in two sessions, but there are *no* fundamentals supporting the $70 price. Strangely enough, it has been hovering the $70 mark for the past five sessions!
Do not ask me why...but I maintain that given the current economic scenario, oil should be around $63. Even inventory levels are high. OPEC reflects the same. Weakness in $$$ is fundamental, but more of an excuse, I believe. You reckon shorting oil at this stage?
I follow your comments vehemently. Just wondering what would be a good level to enter crude again? I expect it to test around $65. Do you agree? Thanks!
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
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How bitcoin halvingreduces bitcoin inflation below that of gold and how its "hardness" can beat every other asset & currency over time. Watch here.
كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
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Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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Thanks very much! It is really disturbing because oil should *not* have shot up to $70 (from $62) within a week anyway! Yes, agreed that SEC's comments on oil speculation retreated the price from $69 to $62 in two sessions, but there are *no* fundamentals supporting the $70 price. Strangely enough, it has been hovering the $70 mark for the past five sessions!
Do not ask me why...but I maintain that given the current economic scenario, oil should be around $63. Even inventory levels are high. OPEC reflects the same. Weakness in $$$ is fundamental, but more of an excuse, I believe. You reckon shorting oil at this stage?
Asad
I follow your comments vehemently. Just wondering what would be a good level to enter crude again? I expect it to test around $65. Do you agree? Thanks!
Asad