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Heavy speculative liquidation of gold and oil.

Summary:
Market bounced as I told you it would. Meanwhile, heavy speculative liquidation of gold and oil. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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Market bounced as I told you it would. Meanwhile, heavy speculative liquidation of gold and oil.



Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader.

https://www.pitbulleconomics.com/



Mike Norman Twitter

https://twitter.com/mikenorman



Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

12 comments

  1. Nasdaq was green, so fiscal flows buying tech again, 2019 style markets

  2. TIFFANY GERDINE

    Point on. The trend for Gold just changed today to a bear market. The trend for oil also changed to a sell market.

  3. Doesnt make sense to me sorry 25% interest credit card loans increasing? How is that good for the consumer balance sheet?

  4. One of my friends at work a crane driver was talking about how he has to raise his rents because rates went up.

  5. Kino Casino VIP Fanboy

    You're the best source of market info on YouTube – thank you for sharing!

  6. Kino Casino VIP Fanboy

    I wouldn't be so optimistic about labor market. Many people have given up looking for a job. Many used up all their unemployment during COVID so they won't be eligible further. Then there's the whole Gig Economy which means that the second the recession hits hard – those people will be laid off and unemployment will skyrocket easily. It's 2022 and ways to measure unemployment are clearly outdated.

  7. Cryptonite Clark

    11:57 I thought US Treasury Bonds interest payments were every 6 months rather than quarterly?

  8. Oil price plummeted, markets saw it as a good sign. Maybe inflationary pressures are going to ease sooner than expected.

  9. Mission Partners

    "Buy Oil at 100, its a floor." Oil gaps below 100. lol

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