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Old 06-04-2019, 06:21 PM
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Old 06-04-2019, 07:27 PM
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The Dems have to orchestrate a market bust or they'll never have a chance to beat Trump in 2020. But since the Dems give Obama all the credit for the current economy does that mean they'll be tanking their own economy?
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Old 06-05-2019, 09:06 PM
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When-oil-and-gold-trade-like-this-it-usually-spells-doom-for-the-market

https://www.msn.com/en-us/money/savi...cid=spartanntp
Keep in mind the US has become a net exporter disrupting prices. OPEC has countered by trying to keep the price point less than $60/b in an effort to keep US oil off the market...

Key production numbers by various opec countries is typically innacurate, and I suspect over production in an attempt to flood the market.

The graph you posted showed 2000 dot com bust which had nothing to do with the change in oil prices.

Also, in 2008, from the peak of apx 150/b the oil market was in free fall while gold was stable and also continued to fall till early 2009. This has the tone and charting of an advertisement. It fails to address 2011, like it never happened oil fell from 105 to 86 while gold rose from 1500 to 1830... There are plenty of these "rare" occurrences.

Today's price is the same price it was in March falling apx 12% from a recent high. That signal is not one of worry, correction, or bear especially for a volatile commodity.
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Old 06-05-2019, 10:20 PM
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When-oil-and-gold-trade-like-this-it-usually-spells-doom-for-the-market

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Combined with an inverted yield curve and weaker job figures making a rate cut more likely than a rate increase - I would say it would take a very optimistic person to predict anything but a downturn.

But some here will engage in wishful thinking just because they want the boom to last past the next election.

I think the normal cycle of things is being influenced by the unprecedented debt. If a crash occurs, they won't be able to cut rates much or engage in big cash injections to cushion the blow. The next crash could be a lot more severe than people are accustomed to.
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Old 06-05-2019, 11:47 PM
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The Dems have to orchestrate a market bust or they'll never have a chance to beat Trump in 2020. But since the Dems give Obama all the credit for the current economy does that mean they'll be tanking their own economy?
Trump's policies have only prolonged the inevitable. We needed a massive correction to let the air out of the bubble. It would have happened much quicker under Hillary. The Dems will probably do their best to poke at the bubble, but make no mistake, the economy is not healthy, and hasn't been healthy for well over a decade.
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Old 06-05-2019, 11:50 PM
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I think the normal cycle of things is being influenced by the unprecedented debt. If a crash occurs, they won't be able to cut rates much or engage in big cash injections to cushion the blow. The next crash could be a lot more severe than people are accustomed to.
Absolutely! Why do you think the Fed was cranking rates so quickly? They wanted to get enough cushion as possible because they know what's coming and what should have hit us already.

We're headed for 2T deficits and I'd be very surprised if we didn't see them at some point in the next 5 years. Neither team cares about the debt. Neither team wants to take an objective look at their respective golden calves.
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