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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Fiscally Conservative who wrote (201947)6/17/2021 3:17:55 AM
From: elmatador  Read Replies (1) of 206085
 
FED'S POWELL: WE BELIEVE THESE ARE TRANSIENT FACTORS THAT WILL
FADE AWAY, BUT THE TIMING IS UNCERTAIN.

Oil spike short term because people are back on the road
Added the effect of the Colonial pipeline stoppage.
Gasoline spike because people and trucks are back on the road.

But there are projections of prices going up
Maglan Capital President David Tawil is expecting an " oil crisis within the next three years" due to "incredible" demand and pressure on the supply side.

The energy expert also said he expects oil prices to hit $100 per barrel before the end of 2021.

My take?
Oil and commodities in general will go Lumber
https://www.siliconinvestor.com/readmsg.aspx?msgid=33363421
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