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Title: All Hell Breaks Loose On Russian Oil Embargo Fears:
Source: [None]
URL Source: https://www.zerohedge.com/markets/a ... e-oil-soars-139-gold-hits-2000
Published: Mar 7, 2022
Author: Tyler Durden
Post Date: 2022-03-07 01:14:23 by Horse
Keywords: None
Views: 60
Comments: 4

Futures, Stocks Plunge As Oil Soars To $139, Gold Hits $2,000

"Central banks are facing an exogenous stagflationary shock they cannot do much about."

Poster Comment:

Next week we will see higher pump prices. Food prices will be in for a shock until summer. Then food will pause for a few months before continuing its climb upward.

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Begin Trace Mode for Comment # 4.

#3. To: Horse (#0)

This article, dated few minutes ago, indicates $7 gasoline is coming. www.investing.com/analysi...for-7gallon-gas-200619407

That is what I want to happen. That means inflation so my gold, silver, and platinum futures will make me a lot of money.

DWornock  posted on  2022-03-07   6:16:08 ET  Reply   Untrace   Trace   Private Reply  

That means inflation so my gold, silver, and platinum futures will make me a lot of money.

Take a look at the chart for XOM. I doubled down on that in late 2020, @ $40 and change. The dividend yield was over 10% at the time. That's probably the best trade I ever made. At $86+ the yield is down to 4%, but that's still a wee bit better than the 0.01% Chase gives me or the 0.8% at the credit union.

(Edit) Looks like gas is running about $3.899 here. Highest ever was 3.689 under O'boingo. I went into Au & Ag hard around 2009/10 @ ~$900 and $9. I don't think I was ever out of the money on that, certainly not more than a few days IIRC.

Esso  posted on  2022-03-07   10:38:45 ET  Reply   Untrace   Trace   Private Reply  

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