OIL and INTEREST rates. Let's take a look at a couple of charts and the implications for stock indices as well as GOLD/SILVER

Good evening Steemian friends.

Simply put, oil today hit 71.00 per barrel. The ten year treasury seems likely to see rates above 3%. (see the charts below). There will be implications.

While oil is somewhat overbought here (it was 42/barrel one year ago), I forecast we are going to see 100 per barrel again and maybe sooner than later. Please refer to the oil seasonal chart thanks to seasonalcharts.com.

The march to war in the mid east can push prices well above 100 per barrel devastating the stock market, adding inflation and rising rates.

The WTI OIL seasonal chart indicates (as usual) things heat up in summer. We are at 71 in early May. The mid-east
situation will likely add fuel to the fire, no pun intended.

Inflation is higher than you are being told and the increase in oil, even at 71 lends to help fuel inflation.

Now the rate on the 10 year treasury chart, below, compliments of Peter Bockvar.

There are too many factors working to push rates above 3 percent on the ten year. The chart shows the likelihood.

The Trump rally has ended and we issued sell at above 26,000 (Dow). Yes, April 13th 23,650 we said buy for a strong rally that could go into early summer. It "could" even approach the old highs. The PLUNGE PROTECTION TEAM are at work. Some folks think they can keep the game going for a couple of more years. I don't. They are out of bullets. The tariff war and upcoming currency war with China, the mid east (oil) tensions here and later and a stock market in huge decline will mean gold and silver by fall 2018 will begin an ascent that may be astounding.

We have alluded to the many factors in recent posts, see them please, all pointing to silver and gold as the best buy now in almost a generation. We are setting up for a large move upward. I like the cryptos right now as well for similar reasons. They are preparing for a large up move as soon as sentiment improves.

Gold may have one more move down below 1300, silver to about 16.00 (I say "may") everything will be in place. Sentiment is about ready, and should be, on a minor decline.