Sadly the US folks live within in their own bubble. They continue to breathe their own fumes and believe the rest of the world are irrelevant. Sadly so much of the data out of the US has a spin to make one believe the stockpiles are good and the US is in control. It’s just a matter of time. The US does not control the poo and the shale numbers are based on a wing and a prayer. Time is running out for then and at $50 a barrel these producers will be in serious trouble soon. As an American, I’ve seen this attitude and behavior first hand. I’m accumulating SXY which I believe to be a prudent move that I don’t believe anyone will regret. SXY is a diamond in the rough.
Go SXY!!!!
SXY Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held