#oil

#oil

Gold keeps cranking higher with spot prices moving to a new all-time high a whisker off $4,640, while silver extended its parabolic rally to clear $90. Crude prices were at three-month highs with Brent (continuous) running into resistance at the 200-day moving average around $65.75, as flagged in yesterday's note. WTI spiked to $61.50 - as noted on Friday a clear break above $59 was likely to see a swift move toward the $60-61 area.

I find them so alluring, almost like perfume bottles or snow globes, but so grotesque, she explains as we handle the etched and sculpted objects, which each have a precious drop of crude oil at their centre. They have these shiny, dazzling exteriors, but when you get close you see the death mulch inside. All presentations of power are fragile; they collapse once you get close enough.