Thursday, April 10, 2008

Tapis breaks $115

Some stats

Slightly old article, but worth a mention, re: inflation, gold prices, interest rates, etc. Most watch Brent (UK) and light sweet crude (USA), prices, but TAPIS is a good weathervane. Its the price of oil in Singapore, and a benchmark for Australia, NZ. It was the first to breach $100, quite some time before UK and USA prices did. Remember that gold soared when that happened, as it will when other thresholds are met. Oil is headed above $115 within the next month. And Gold will breach its previous high in that wake, and the UK's decision to cut rates will look increasingly STUPID!! Much worse than the single 0.25 cut in 2005.

Posted by planning4acrash @ 09:37 PM (462 views)
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2 thoughts on “Tapis breaks $115

  • planning4acrash says:

    Oops, that read wrong. This is a real time link but the news is old, and TAPIS is now well above $115. It first broke $115 April 8th of this month.

    The $100 milestone occured like this:
    TAPIS: 7th Nov 2007
    USA Crude: 2nd Jan 2008
    UK Brent: 27th Feb 2008.

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  • planning4acrash says:

    Gold reacts most to USA crude, so TAPIS is one to get the trigger ready with.

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