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fringe_chartist

Oil vs Money Supply

Long
USOIL/WM2NS*100  
fringe_chartist Updated   
USOIL/WM2NS*100  
Trend Analysis Chart Patterns Fundamental Analysis Oil Gasoline rbob brentoil WTI Crude Oil WTI gasoline inflation M2
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trendanalysis chartpattern fundamental oil rb1! rbob brentoil wti usoil gasoline inflation m2
People think oil just went to "record high prices". But this is a perspective that has been distorted by money supply growth. It's also targeted propaganda specifically to make you think and HOPE that it won't go any higher. If you account for money supply growth, you get a sideways chart. Not a coincidence.

Good luck and hedge your bets
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Note: Target price is 4x higher than the current price, which is 10x higher than the 2020 "recovery" price
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