Loading ...The Futures market imo, is gov’t/bank manipulated, and causes unstable crazy highs and lows. So when prices get high producers get tricked and over produce and prices fall. Many producers like XOM may not be falling or responding to or increasing production because of higher prices. Energy producers also feel like they are being discriminated against by the gov’t/media.
I once heard the CEO of FCX re high Copper prices, say something like, in my words. “We are not going to get tricked and chase or respond to the higher Copper prices, that crash later after we invested”.
I remember when Uranium was in a free natural bull market. After they put it on the futures market, the prices went lower and subdued. I hear they are talking about putting cryptos on the futures markets next. So we can figure they will get subdued too.
Basically TPTB (and other groups or sectors) are losing the ability to get away with things they used to get away with or benefit from. Its a whole new slow motion glacier type global reversal shift going on since 9/11 the summer ’08 crisis. That shift or reversal also produced a new and improved different America first type president called Donald Trump.
Then came tardy late reports of Covid that I suspect was “allowed” to infect the whole planet. For what? Get rid of Trump and or create an economic shift, shock reset or reversal of the past? That already started. And they wanted to get it over with fast?