Blog : Oil Cooperates, Election Is Over

by Peter Leeds on March 8th, 2016

1. Oil Plays Out Exactly as We Told You it Would

2. Presidential Election is Over

3.  What Are Negative Interest Rates?

 

 
 
Just Released!
 
 
Please watch it, and give it a like to warn everyone how the Central Bank is about to steal your money!
 
 
Dead Cat Bounce As We Expected
 
With today's meltdown in oil prices, our comments turned out to be spot on!  Last week we said:
 
"Don't read too much into the sudden resurgence of oil.  ...increases in the commodity's price will quickly be absorbed by greater production."
 
We also said:
 
"The day that a predominantly Shia nation (Iran) works with a predominantly Sunni nation (Saudi Arabia) will be a surprising one.  Even if the various Countries do claim to be working together, they will be producing as much as they possibly can behind the scenes."
 
Turns out we called that one right too.  The fragile "production freeze" alliance is already crumbling, as key ministers are stepping back from earlier comments, and distancing themselves from the anticipated cooperation.
 
We also called one more thing right, and we absolutely will be correct about this one:
 
"Of course, in the extremely long term, there is far too little oil.  You can see that OilClock.com has global supplies running completely dry by 2068."
 
"...whenever oil does fully recover, it will do so quickly and significantly.  Our very long term outlook if for $112 per barrel."
 
First, however, expect prices to fade lower.  Much of the recent strength was speculation and driven by short-sellers covering their positions, and that has run it's course now.
 
Most analysts have "called" a price bottom for oil, but we see it differently.  We expect levels to fall lower in the short and medium term, likely towards $30, and even into the high $20's, for West Texas Intermediate, and mid 30's for brent.
 
 
 
Presidential Election
 
Stop wasting your time with all this media-fueled election hype.  As we explained, regardless of who anyone hopes will win, the election results were decided months ago.
 
Consider that:
 
  • Each State has a certain number of Electoral College Votes
  • The winner in each State gets ALL the votes from that State
  • Most States are uncontested, meaning that it is known that Alabama (Roll Tide) will go Republican, while California will go Democrat
  • 270 Electoral College Votes are needed to win the Presidency
  • Considering the uncontested (battleground) States, the Democrats need only win 3 out of 10, while the Republicans need to take almost all 10 of them
 
The issue for the Republicans is that they are not leading the polls in most of the battleground States.  Almost always, the one ahead in the polls is the winner on election day.
 
The media will try to trick you, by saying, "...but that is still within the margin of error."  They may as well say, "...but keep watching for no reason, because we are pretending that the outcome is still in doubt."
 
That is also why they show you who is winning each race among just the Democrats (as in Clinton vs. Sanders) and among just the Republicans (as in Trump vs. Rubio vs...).  This is just another way to confuse you and keep you watching.
 
Typically, but not always, if you vote Democrat, you will vote for whoever winds up as your party's front runner.  Same as for people who lean Republican - they will support whichever Republican gets the nod for potentially becoming President.
 
That is why all this mass media commotion should be completely ignored.  Clinton will win the Democratic party's nod to lead them into the election, and Democrats will end up winning the big show.  Regardless of any of our political hopes and dreams, we are 6 months away from our first female President.
 
This is all of course assuming that nothing material happens, such as Hilary kicking a homeless man in the crotch on camera, or whatever.
 
 
 

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