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Here’s How I Know Oil Is Now Oversold

Here’s How I Know Oil Is Now Oversold

This week, oil prices peeled back to their lowest levels since March.  Despite OPEC’s cuts in early April and Goldman Sachs (GS) projections that oil would hit $95 very soon, the black commodity has been sinking fast.  The June 2023 futures contract sank from about...
The Debt Ceiling Survival Guide (Part IV)

The Debt Ceiling Survival Guide (Part IV)

The threat of a debt ceiling crisis is accelerating, as I noted. It’s no coincidence that America’s rush toward $31.381 trillion aligns with a global rush among central banks to buy gold.  We pretend that the Treasury Department has any idea what it’s doing.  But...