RE: 30% drop23 Feb 2022 12:14
"Oil"... you either don't know or pretend to, that The Money Guys who control oil and oil companies, debt, inflation and everything else, knew they were going to destroy the oil price then balloon it enormously to drive the inflation that is required to shrink the US Debt:GDP ratio from the current/recent 140% back down to c80% over five years - as they've done before.
As ever, those guys aren't satisfied with a "single win" when they control everything so they're capable of creating situations where they get to leverage that win:
1/ Destroying the oil price and consequently the share price of big oilers
2/ Buying in hugely at depressed prices
3/ Loaning money (for control) to those companies
4/ Enforcing ludicrous oil sale hedging when they know full well that oil will be 4x where it was in the year(s) ahead which allows them to keep buying cheaply on-market as the money isn't rolling in as it could/should/will be
5/ Guess what happens next? Reduced hedging, humongous inflows of cash, possibly an even higher oil price re all things Russia/Ukraine (same people - the modern day "Suez" ...) - Biden is turning the O&G taps off at every opportunity whilst claiming to be "fighting inflation" and the Fed aren't raising interest rates (because they can't - the debt)
6/ BOOM
Oil is the inflation driver that keeps deflation (game over ...) away - Gold is the inflation reactor.
You don't need any other plays for the next four years.
PS: 31st March you say? Conveniently a week before the new tax year so any "tax loss" selling to facilitate the suppression of the SP here - and on goldies - will magically disappear mid-April and that 30% you speak of will be very, very long ...
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