Adam Montana: "This might be THE strongest case I've ever seen for a GCR. "

by **Ponee** Wed Apr 22, 2020 9:10 pm

Adam Montana

Article: "The Worst Is Yet To Come For Oil Prices"   Quote: “This inflection will play out in a matter of weeks, not months, with the market likely forced to balance before June,” Goldman analysts warned. In other words, the U.S. oil industry could lose several million barrels per day in the next few weeks in what Goldman analysts called a “violent rebalancing.” And just like that - we live in a new world.  This might be THE strongest case I've ever seen for a GCR. I'm still not a proponent of a full GCR, but the evidence and situation details just keep piling on... this is wild.

By now you've surely heard about the OIL markets...   OIL, and the wealth it creates and sustains, will not be removed from our world anytime soon. OIL will remain part of our lives.  Therefore, Iraq will not slide into oblivion...nor will it's bank accounts. I'm not worried about the dinar - we know it's going to increase in value, even though we don't know what will happen between now and then, and we don't know if "then" is tomorrow or June or next year. We are in the middle of a massive shakeup.

04.22.2020