Watching gasoline, heating oil prices as we head into the big holiday demand weekend and summer months. Interesting season ahead with a tight balance in play. Heading back to using coal?
The Federal Reserve has grown immensely since the 2008 financial crisis. The Fed has also become a flash point in the politics of the U.S. with some calling for its abolition. We are seeing the same thing here in Canada.
For Gold, which settled the week at $1845, the end-of-the-world crowd put forth a scenario this past week for a price of $40,000. We're content to realistically maintain a tenth of that per our Gold Scoreboard level of $4141.
The same geniuses who recently handicapped a recession that likely began several months ago as a 20% possibility are now reassuring us that the bear market has already run its course.
Almost everyone else continues to focus on the next upside leg for gold. In this article I will show some charts that allow for possible downside targets within the prevailing half-century uptrend.
Erdogan will milk Sweden and Finland to allow them to join NATO. He has the upper hand. One vote is enough for veto power. Natural gas now cut off to Finland.
