Updated Production Cost Chart:
COVID was -27% below production cost.
2018 we went -17% below production cost.
Currently we are -8%.
I am back to buying daily.
SPX wont collapse until end of year.
Oil wont go to 130 before end of August
So there issnt really a catalyst to push us lower for now.
For the retards out there
$BTC touched production cost average 9 times in in 14 years.
4 times we wick below and never went back under.
1 time we closed and stayed below (Covid)
4 times we touched the bottom of production cost
44% if your NOT buying now, your sidelined
44% we double bottom 60k
11% chance you can buy sub 58k
Been trading Oil, buying sub 90 selling above 105, as trump lies about any resolutions while drawing down strategic oil reserves at historic levels.
Mid July - Aug is when SPR reaches points of no return, suppression rhetoric wont work and oil breaks out of the bull flag.
AI CAPEX is serious naked emperor situations, we crypto bros seen how this ends.
Dont expect rate cuts in 2025.
SPX to 5k by Q1 - Q2 2027.
BTC who knows, intuition tells me we bottom when Oil hits 130 to 150, and rally with commodities. But thats nonsensical wishful thinking.