Dan Walker

Dollar and Oil Are Manipulated by ECB and Fed

I don't think you appreciate the degree of demand destruction going on in the states. I drove past a major lake on the 4th of July, and saw one powerboat. Oil rose $2 and fell back down after Iran launched 9 missiles. Watch oil prices today as they just fired 9 more. The futures traders are rolling their contacts forward a week before expiration and holding down deliveries as tankers build up in harbors. Sooner or later they will end up with their heads handed to them on plates. Couldn't happen to a nicer bunch of guys.