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Message
re: How far does Oil fall?
Posted on 10/5/23 at 2:50 pm to notiger1997
Posted on 10/5/23 at 2:50 pm to notiger1997
quote:
especially the joke about BRICS meaning anything on a global scale that will matter.
BRICS has a chance, but it relies on the USD failing (debt servicing alone this year will likely be over $1T, and go up) AND the BRICS countries being able to sell other countries on using it. Without the USD failing, the sales pitch is a rough uphill battle. If the USD begins failing (and right now there's nothing in play to keep it from failing eventually), that job becomes a lot easier.
Just another reason why this ridiculously high level of deficit spending needs to be crushed.
1
Posted on 10/5/23 at 4:15 pm to Bard
quote:
BRICS has a chance
ehhhhhh
good luck watching these countries agree on trusting each other's currencies ... or even possibly creating a new one that anyone outside of China/Russia will even remotely trust
Posted on 10/5/23 at 5:46 pm to Shankopotomus
It’s about to be an election year, so….
Posted on 10/5/23 at 5:52 pm to slackster
quote:
if I didn’t own this stock, would I buy X amount today? If no, sell some or all. If yes, consider holding or buying more.
I bought $110 XOM calls when it was at 105 and my cost average on 200 shares is $87. I was extremely bullish on O&G, but the all time high was a clear sell signal I just completely ignored. Kept thinking it was breaking out and heading higher
Posted on 10/5/23 at 9:19 pm to Triple Bogey
Wait ... you mean it is not going to $100?
Posted on 10/5/23 at 9:28 pm to M_Donahue
quote:
Wait ... you mean it is not going to $100?
What is your timeframe? It's going to 150 in the next 5.
Posted on 10/5/23 at 9:38 pm to j1897
quote:
It's going to 150 in the next 5.
How do you know?
Posted on 10/6/23 at 7:41 am to j1897
quote:
What is your timeframe? It's going to 150 in the next 5.
I agree …. I suspect it may go lower in the interim, but there is a strong case to be made for $150.
Our Cold War opponents are playing the serious game of geopolitical strategy and appear to be winning. They KNOW the US economy is wholly dependent on Oil, and will be for the foreseeable future. The fact that the current administration cannot see it is not a surprise.
And let’s face it ….. in his entire career our current POTUS has been on the wrong side of every, single foreign policy issue he has influenced. And Oil is no different….
This post was edited on 10/6/23 at 7:42 am
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