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Energy Stocks Give Up Week's Gains As WTI Drops Below $60
As the reality of moar record production in a slowing demand world filter through the narrartive of a dropping inventory being dragged away into tanker storage arb, so WTI has dropped back below $60 and Energy stocks have tumbled - giving up all the week's gains. Just when the mainstream media was reconvinced that oil is fixed...
Up on inventory draws, down on production...
But stocks are all in the red now.. (despite oil still being higher on the week)
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Gold gives up .... it's week's losses .... as WTI goes below $60 !
Details of a "Kill Russia" conference on June 29th in Moscow.
http://thesaker.is/ukraine-sitrep-june-11th-2015-by-scott/
Is a political paralysis setting in in the Kremlin?
enter stage left........oilprice.con in 5...4...3...2
Inventories are still up. Holding supply to increase price? Maximize profit for those poor pure hearted men on Wall Street. I hope it back fires and it's raining douches in suits in Manhattan.
This is the new economic fig leaf so they can pretend that the world economy isn't really tanking. Too bad that reality keeps rearing its ugly head....
How are gold and mining stocks doing? Is Cushing full yet? When will gold be $5000?
(When will gold be $5000?) Hopefully a while down the road. For 1). I haven't hit my gold OZ target and 2). I like watching the degradation of society. Since we all know what is going on and how it ends, we get to sit back and watch it happen like in a movie. GOT POPCORN? I have come to the determination that there is no going back for this country. We are way too far down the road away from civil society. 3). I don't want the collapse to happen while my Father is still alive. I don't want him to see the country he fought for and the companies he built in, go to complete shit.