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Interesting Oil Discussion

I have no idea who this guy is, but this is the first unique view on oil (USO) and its rise aside from the usual demons (inflation/dollar weakness).

He makes a valid point that the inflation argument for oil does not really hold up as Gold (GLD) has not participated in the current rise w/oil.

To me the “endless bid” theory makes perfect sense. Now, all three have a part in its rise and I am not saying this is the sole reason, but the bid theory does explain why oil is moving opposite fundamentals recently.




Disclosure (“none” means no position):none