I would be a little careful with Brent oil now! Trump will do anything to prevent the oil price from going through the roof, because that will increase inflationary pressure! You can also see that he has offered a US navy escort for tankers through the Strait of Hormuz! This escort can be used by all countries!
I wanted to go into oil myself this morning with a 5 lever, but I preferred not to 😉
I wanted to go into oil myself this morning with a 5 lever, but I preferred not to 😉
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@BavarianLion I also think that oil may have seen its sharpest rise yet. In addition to the escort, Trump has also instructed a government agency to offer insurance on comparatively favorable terms.
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•@Multibagger I think whoever was really smart got in on Friday with heavy leverage and got out today! 💰
What I'm thinking is that a central point of the Trump administration is low interest rates and it is precisely these that would be in the greatest danger if the oil price remains this high or rises even higher!
What surprises me, however, is that the gold price has not benefited from the whole Iran conflict... strange
What I'm thinking is that a central point of the Trump administration is low interest rates and it is precisely these that would be in the greatest danger if the oil price remains this high or rises even higher!
What surprises me, however, is that the gold price has not benefited from the whole Iran conflict... strange
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•@BavarianLion On the one hand, this is due to the strong US dollar, which makes gold more expensive for non-Americans. In addition, the expected price increases in the energy sector are driving inflation and therefore speak more in favor of rising than falling interest rates. As gold does not offer interest in the conventional sense, higher interest rates are also more likely to be negative.
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@BavarianLion As long as these are just words and the first freighter has not yet passed through the strait unscathed, I can still see oil prices rising 🤷🏼♂️
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Well then, SL has taken hold. Manageable plus.
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