Because many foolish people selling, especially in the paper gold market. Once the majority of foolish people leave the market, the D-day of gold arrives, and then foolish people begin to return to the market on a large scale.
o Instagram LEVOU AS PESSOAS a acreditarem que um relacionamento se resume a viagens, jantares em restaurantes, e experiências incríveis. Mas um relacionamento se constrói no dia a dia, na vida doméstica, no cansaço, no tédio
China has spent a record sum importing more than 1,000 tonnes of gold this year as the central bank and local investors pour cash into bullion amid rising geopolitical tensions abroad and poor returns on local assets. https://t.co/Q6PF6CVd8z
It's official.
US diesel prices are now above $6.50/gallon for the first time in history.
The average price of diesel in the US hit $6.51/gallon this morning, now up +101% since the low seen in January.
This has pushed California's average diesel price to $8.42/gallon, the most expensive in the country.
Meanwhile, the average price of gas in the US is now up to $4.48/gallon, up +80% since the low seen in January.
This morning, President Trump said Russia has "lost control" of its diesel industry due to the Ukraine War.
We expect more record highs in diesel prices ahead.
While everyone is watching crude oil futures, the physical crude oil market is out of control.
Shipping costs for crude oil are surging at a near-unprecedented rate.
The cost to ship 2 million barrels of crude oil from West Africa to China is now up to $23.59/barrel.
To put this into perspective, in July, the cost for the same shipment ~$6.50/barrel.
That's a +258% surge in shipping costs in just 2 months.
We are witnessing one of the largest global energy shocks ever recorded.
BREAKING: Ukraine fired one of its largest drone attacks ever, estimated to include 1,600+ drones, targeting the Moscow region and hitting the city's main oil refinery.
This comes just 6 days after President Trump said Ukraine and Russia agreed not to hit energy targets in an effort to lower diesel prices.
The site that was struck supplies more than 33% of the Moscow region's fuel and is currently on fire.
Oil markets are set to open in 10 hours.
Reminder for all young parents:
You only get:
- 1 Summer with your baby
- 3 with your toddler
- 9 with your child
- 5 with your teenager
This time is precious. Don’t rush it.