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Oil prices fall + production cuts, Saudi Arabia's June oil exports drop to a three-year low.
Due to falling oil prices and production cuts, Saudi Arabia's petroleum export revenue has fallen to its lowest level in three years.
Crude Oil Futures Settle at Lowest Since January; Gasoline Hits New 52-week Low
US Total Crude Oil Stocks Decline in Week Ended Aug. 16
Crude Inventory Fell 4.6M Barrels for Week Ended Aug 16 - EIA
Oil Bottoms Out After UK Navy Reports New Attacks in Red Sea
Oil: OPEC+ Set to Postpone the Expansion of Production – Commerzbank
Powdahound : Thank you for sharing
151453268 witso : Does DT stand for doomsday theorist as applied to markets and trade historically boosting gold explored, mined, and physically held as a wealth protection strategy. The ducks are lining up Crowdstrike today a perfect example how fragile tech can be,and the degree of damage it can cause. Some protection is not a bad thing with gold . Agree totally with your assessment and have positioned accordingly
Dr DT OP 151453268 witso : Gold had a down day on Friday. We just need to be a bit patient. No need to worry as this should be a long term hold. FYI, NEM, world biggest gold mining company, will reports its Q2 earnings next week on July 24. Expect a blow off top earning report. Majority of gold mining companies will report in August and most established well managed miner companies would have robust earnings. Any drops is opportunities to pick up more shares. Be ready for a nice ride up by end of month into next month. Cheers.
151453268 witso : Buying the dip on red 5 they are smart producers and have made great acquisitions or acquaintances think their current value is a green light.