MacroVoices #378 Ronnie Stoeferle: In Gold We Trust - Showdown
Macro Voices
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Crude Oil Price Breakdown
There was a big tumble in oil prices on Wednesday as economic weakness and recession signals abound. OPEC Plus is meeting this weekend and people have speculated that they're going to smoke the shorts with a surprise cut in production. Nick Galarnik: It's very likely that we'll get a gap up or down in one direction or the other on Sunday based on whether or not OPEC makes a surprise production cut announcement.
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