The End Of Oil Volatility As A Weapon
Authored by Tom Luongo via Gold, Goats, ‘n Guns blog, This is the only chart that matters right now…not borrowing costs (@lukegromen). It’s the weekly chart of Brent Crude. I’ve been telling my patrons for three weeks in the Market Reports that the Brent Crude chart has all the earmarks of a market being manipulated UP to support a narrative… That narrative is Donald Trump is a madman who broke the world and is losing in Iran. Look at the chart carefully, you see big gaps between weekly closes and opens. Also, note the tails to the downside versus the wicks to the upside. Tails are much longer than wicks…. telltale signs of a market that has topped but someone is trying to keep reflating it. Why? Many reasons, from speculations, positions, narrative control, etc. Markets are the sum total of all of these players. But the reality is that you can only manipulate a market over a short period of time (H/T@armstrongeconomics) unless you control the total pricing system for that market… i.e. central banks …




