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MacroVoices #335 David Hay: Why US Energy Prices Can Rise Even In Recession
Macro Voices
The Energy Crisis Is Coming to an End
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Backwardation has collapsed completely in the crude oil term structure. Normally, that's an extremely bearish sign. I won't be surprised if we see considerably lower prices from here before this is over. Gold looked like yesterday, was rolling right over. And then here we are to day with another solid push to a week high and we're holding above 18 hundred. It just seems like suddenly gold is getting bid. Rap maybe at some point we'll cover that in a post game segment.
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