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Elysium
Are you prepared for the oil shock?
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<blockquote data-quote="Suigin Trismegistus" data-source="post: 70870" data-attributes="member: 487"><p>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.</p><p></p><p>[ATTACH=full]13860[/ATTACH]</p></blockquote><p></p>
[QUOTE="Suigin Trismegistus, post: 70870, member: 487"] 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. [ATTACH type="full"]13860[/ATTACH] [/QUOTE]
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Are you prepared for the oil shock?
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