Sunday, March 06, 2022

Oil Surges

In overnight trading as of this posting...

Oil futures are at $126/barrel of West Texas Crude. That's the highest level since 2008.

The yield on the 10yr US Bond has fallen to 1.7%.

Gold has risen to 1,992/oz. Silver is at 26.15/oz

Bitcoin, after briefly rising to $43,000 as Russians were buying anything where they thought they could stash cash not subject to sanction or crippling inflation has retreated to a little over $38,000. 

US stock futures are currently down about 1.2%.


1 comment:

  1. All I am going to say is that elections have consequences. After 50 years you would have thought that the electorate might have known better.

    ReplyDelete

Please read the guidelines in the sidebar before commenting.