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MacroVoices#308 Ronald Stoeferle: Precious Metals Update

Macro Voices

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Crude Oil - Is 90 Dollars Next?

The last couple trading sessions of crude oil have blasted off to a fresh high. What's been driving all of this upside price action, the explosive upside price action in w t i is actually the fear of pushing oklahoma running out of oil. The best way to understand that is by looking at the time spread charts. Wi'll save that for the post game segment when we can actually take a look at the chart deck.

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