2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

Nov 14 4:00 PM EST

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To: TobagoJack who wrote (154101)	3/9/2020 8:22:50 PM
From: RetiredNow	Read Replies (1) of 217802

Maybe so! I jumped in and bought some oil majors through FENY. I might have to sit on it for a long while to get some price appreciation, but the dividend yield looks great to me. In the article you posted, it said that the dollar remains really weak relative to oil, even after oil's slide, which is an interesting conundrum for the Fed. This is the weirdest set of events I've ever seen. Fed cutting rates when they are already at historic lows, coronavirus hammering the global economy, and then the Saudis starting a massive oil war, all at the same time. Talk about massive shocks to the system. I truly believe we just may be entering the next Great Depression. I think you are right that we should buy oil, or in my case, big oil companies, but I'm not ready to trade my gold for it yet. The Fed looks bound and determined to destroy the dollar, so gold and silver, as well as oil should provide a good alternative. Good luck out there!

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