Thanks for your thoughts. Much appreciated.
I have come to the conclusion that Oil is still going up, for all the reasons I gave. Just not in USDs. It seems that the USD is appreciating faster than oil. This means, the net effect on the oil price (measured in USD) is down even as the underlying commodity goes up in scarcity. Below is a screen grab of the DXY. which measures how expensive the USD is to other currencies. (*1)
BYE bills and interest is paid in USD. So badger, why should BYE share holders care? Because while the rest of the world burns, Biden can claim he has the oil price under control and thus pursue his green agenda. I can't see this going on for much longer. Something is going to give.
What sign is there that badger is wrong? USD dropping interest rates back to "emergency emergency" levels not just "emergency" levels and thus reducing the price of the USD on the DXY would be such a sign.
Anyone care comment?
All disclaimers. Badger is thinking he might need more tinned food.
*1 https://www.tradingview.com/symbols/TVC-DXY/
Thanks for your thoughts. Much appreciated.I have come to the...
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Last
5.9¢ |
Change
-0.001(1.67%) |
Mkt cap ! $63.64M | |||
| Open | High | Low | Value | Volume |
| 5.8¢ | 6.0¢ | 5.8¢ | $2.047K | 34.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 97687 | 5.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 331777 | 2 |
View Market Depth
| Last trade - 15.56pm 06/05/2024 (20 minute delay) ? |
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Last
5.8¢ |
Change
-0.001 ( 1.69 %) |
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| Open | High | Low | Volume | ||
| 5.8¢ | 5.8¢ | 5.8¢ | 10526 | ||
| Last updated 12.21pm 06/05/2024 ? | |||||
| BYE (ASX) Chart |