Oil Prices Are Moving Higher

Oil prices got above $58 a barrel for the first time in over two years, a very strong oil market and if you look at the chart if we get above 60 dollars, I mean that's kind of a long -term moving average on a monthly chart, 60 to 75 was a key high from about two and a half years ago, if we take that out we can have a quick move up .

Remember the move down, oil fell from a hundred down to under 30 in about six months and then it's been recovering slowly ever since but if we can break through decisively that sixty to seventy-five we're gonna move up.

Gold Is Trying To Breakout

Gold (SPDR Gold Trust ETF (GLD)) still looks like it wants to break out somebody is obviously trying to stop that from happening or somebody's don't really know who these sellers are but I do think eventually whatever their agenda is the markets are going to overwhelm it.

There Is No Way Out, A Crisis Is Coming

There is no way off of this monetary policy. Once you take this much drugs you can never get off, not without massive withdrawal and so nobody politically wants to deal with that because if the Federal Reserve were to actually not come to the rescue next time the stock market wouldn't just go down 50 percent like it didn't in 2008-2009, it might go down 80 or 90 percent.

Banks would actually fail I mean the government would actually have to default on its debt but I don't think that is gonna happen because nobody in power wants to let that happen and so the US dollar is gonna be sacrificed. But ultimately in sacrificing the US dollar the damage that's going to be done to the economy and to the standard of living of the average American is going to be much greater than had we just bitten the bullet and dealt with the financial crisis.