Strong Payrolls, Metals Dips Get Bought, and Heating Oil Hits a New High
Strong payrolls surprised Friday. Gold, silver, and miner dips were bought through the week. Heating oil still printed a new weekly all-time high as crude ripped higher.
Source: Peak Prosperity
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DW NOTE
The article reports a strong payrolls print and claims Trump had advance knowledge via tweet. The Hormuz closure — now four months in — has cut oil supply by roughly 20 million barrels per day, yet the story treats heating oil hitting a new high as just another commodity quirk. When a fifth of global crude flows vanish and heating oil rallies, that's not a dip to buy, it's winter coming and no one cleared the mines fast enough.