Monday morning manipulationThe manipulation of the oil market is so blatantly obvious. What we're hearing this morning....
- US $ is way over priced.
- Considering above investors should look outside the US to invest.
- Lower US interest rates would help the US economy.
Other known considerations...
- Lowering US interest rates result in higher price of oil.
- US Fed meets next week about the Fed rate.
- We are 7 months out from the US election.
- It takes the economy about 6 months for interest rate reduction to have positive influence on economy.
- We are on the cusp of driving season
My prediction is next week the Fed starts with the first of 3 possibly 4 interest rate cuts this year. The trend for the price of WTI is still intact. What we're seeing this morning and likely the rest of the week is a fabricated decline in effort to ward off the uptick in WTI that will start next week.
Happy investing and GLTA.