Discussion Are you prepared for the oil shock?

[Suigin Trismegistus]

Well, it's here and it's real. Oil is almost at $120 and going higher. It could reach $150 in a day or two. $200 soon after. We haven't experienced this since the 1970s oil shocks (1973 and 1979). Also cut off is like 50% of the world's sulfur supply, which is used to manufacture fertilizer. This is hyper-inflation territory. Everything is going to get more expensive unless the situation in Iran resolves quickly. We'll see a deflationary shock as everything except oil/fertilizer and related stocks sell off, followed by massive inflation in general commodities. Gold to $10,000 and silver to $500.

 

[The Patriarchy]

 

[rentier]

Oil is almost at $120 and going higher. It could reach $150 in a day or two. $200 soon after.

But did you put your money where your mouth is?

What irks me is that "happening makers" have foreknowledge of events, and it is probably not even considered insider trading. Who is to sue whom, and who is the victim - commodity markets?

They just get filthy rich.

 

[Suigin Trismegistus]

But did you put your money where your mouth is?

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What irks me is that "happening makers" have foreknowledge of events, and it is probably not even considered insider trading. Who is to sue whom, and who is the victim - commodity markets?

They just get filthy rich.

I missed getting in on oil, although it's not too late if it goes to $200. But I intend on playing this with gold and silver producers. Going to be a sell off there over next couple of weeks to cover margin calls, buying opportunity for those with cash.