The problem with the strategy is, nobody burns crude oil. Crack spreads are off the charts. If you treated crack spreads as normal, crude would already be at $150. Bessent can’t create refining capacity, and it is off-line in the Middle East and Russia, and reserves are draining. Prices are continuing to go up. Shortages are imminent. Diesel over $5 will tip rural voters away from the GOP and we are already there.
This was phenomenal. First time coming across your work but it deeply resonates. The fact that you also appreciate the work of Chris and Dario says a lot. Appreciate this!
Crack spreads are high, which pushes crude down, because the consumer pays the finished price.
Now, as to manipulation: the prices of money (interest), gold, oil and uranium are profoundly important to nation-states, and they attempt to control these prices. Nothing new here.
The problem with the strategy is, nobody burns crude oil. Crack spreads are off the charts. If you treated crack spreads as normal, crude would already be at $150. Bessent can’t create refining capacity, and it is off-line in the Middle East and Russia, and reserves are draining. Prices are continuing to go up. Shortages are imminent. Diesel over $5 will tip rural voters away from the GOP and we are already there.
They’ve had decades practice manipulating the gold price, using all three techniques. Those early AM slams are legendary to long time PM holders.
4. Layering
5. Spoofing
You think these guys play by the rules?
This was phenomenal. First time coming across your work but it deeply resonates. The fact that you also appreciate the work of Chris and Dario says a lot. Appreciate this!
Crack spreads are high, which pushes crude down, because the consumer pays the finished price.
Now, as to manipulation: the prices of money (interest), gold, oil and uranium are profoundly important to nation-states, and they attempt to control these prices. Nothing new here.