During America’s 250th celebration we should expect to see fireworks galore. But the fireworks in July we’re referring to have mainly to do with the markets.
And, NO, we are not saying the market is going to crash in July.
But a healthy pullback would not surprise us in the least.
We say that because the markets are looking tired.
Adding gasoline to the smoldering fire, we are on the verge of geopolitical chaos with the two nut-jobs Zelensky and Netanyahu, who don’t care about the rest of the world.
The little pimp in Ukraine has been attacking the refineries in Russia with the intention of stopping Russian oil exports.
Not a smart move.
And for that reason, we find it’s hard to believe that Brent Crude is still trading in the $70’s/Barrel…especially with the disaster/crisis in Venezuela, Russian oil/gas industry being systematically taken out and vessels carrying Russian oil seized on the high seas, accompanied with the disaster in the Persian Gulf.
Like we said yesterday, the “Peace Deal” is toast…with no end in sight.
As a result, we wonder if there is some “invisible hand” shorting the oil markets.
But they can’t short it forever.
And when (not if) they are forced to cover their shorts, we could be looking at the mother of all short squeezes with oil being catapulted to new highs.
Ironically (or NOT) the Iranians have to know that a negotiated settlement with the West is not in the cards.
And maybe (just maybe) they’re just waiting for the above scenario to play out.
Because it plays right into their hand.
As we mentioned in our post yesterday, they were instrumental in kneecapping most of the Arab states by triggering a Middle East Sovereign Debt Crisis.
READ: Did Gold Bottom Last Week? (HERE)
Fireworks in July
Another reason to expect Fireworks in July is because former Goldman CEO and former Secretary of Treasury Hank “Tanks in the street, Mr. President” Paulson mysteriously came out of hiding to say how these financial games will soon run out of creativity and the financial system will “Hit a brick wall.”
And don’t doubt for a minute about how much money is being made by all the insider trading. (Cough! Hank Paulson, Cough!)
One more note about Zelensky…he is a madman. He is a NEONAZI and thinks he has complete control of the United States.
And he is trying to suck the United States into a war with Russia, just as Netanyahu did with Trump to start the Iran war.
People forget, before politics Zelensky was a comedian who danced in high heels.
