No. of Recommendations: 2
Trump’s jawboning of markets and promises of an imminent dealSpeaking of white, apparently posted just before market open this morning:
Iran has just informed us that they are in a “State of Collapse.” They want us to “Open the Hormuz Strait,” as soon as possible, as they try to figure out their leadership situation (Which I believe they will be able to do!). Thank you for your attention to this matter! President DONALD J. TRUMPhttps://truthsocial.com/@realDonaldTrump/posts/116...The same "peace is at hand" drivel he has put forward, every few days, since he started the war, and posted at 9:29 this morning. He was probably trying to push a stock up, or down, for profit. His constant declaring "winning" is what is keeping futures down. Right now, WTI futures are at $100.22 and Brent is at $111.60, on faith that God and Savior Trump will restore the normal flow of oil in a few months, in spite of him saying, out loud, paying high prices for fuel is "worth it" to be saved from the Iranian boogyman.
It will be interesting to see what happens when all the oil that was at sea when the war started, has been delivered and consumed, and the national crude reserves have been drawn down, and there is nothing left to mitigate the disruption in supply. Most likely, we Proles will get socked between the eyes. But that won't matter, because we are expendable meat. His nibs, and his cronies, will make a fortune.
Steve
