Send us Fan Mail The talking heads in the pop-media covering both the financial markets and political scene are CELEBRATING an (alleged) victory in the Iran War with the signing of the MOU and talking about Gasoline prices collapsing back to $2 a gallon. Politicians and market pundits are suggesting that the upside acceleration in Gasoline prices is DEAD…thus, the upside acceleration in US CPI/PCE/PPI inflation is also… DEAD. Yes, on social media and in the pop-financial and political rah-rah TV…the song rings out…Ding Dong the Witch is Dead! The Witch…being Iran’s sponsored terror…Iran’s nuclear program…and, thus…US inflation…ALL DEAD, right? Yeah, not so fast! The Strait is NOT free-and-clear, Iran just got 60 days to prolong the Uranium supply negotiations, the agreement states that the MOU could be extended INDEFINITLEY…and…the terms have already been VIOLATED. And EVEN if the War is OVER, and the Strait OPENED, the fundamental supply-demand situation in both Crude Oil and Gasoline REMAINS BULLISH…and is most likely to STAY that way through the summer and into the November US election period. Thus, as I stated previously, a decline in prices down to $65-$75 in WTI Crude Oil…and the $2.40-$2.60 level in Gasoline, would be viewed as a BUYING opportunity, particularly with LOW Open Interest in both contracts, removing the threat of a prolonged and deep price decline predicted by a massive liquidation of long positions. Moreover, the US PPI data offered EYE-POPPING levels of pipeline inflation in most sectors, particularly, again, SERVICES. This just days after the CPI data revealed ANOTHER upside acceleration in…Service CPI inflation! You NEED to HEAR these numbers! The Inflation Witch is not only NOT DEAD…she is STRONGER THAN EVER! Support the show https://twitter.com/money_podcast Money, Markets &amp; New Age Investing Podcast @money_podcast https://instagram.com/age_of_polarization_investing Money, Markets &amp; New Age Investing Podcast https://www.facebook.com/profile.php?id=100094931703462 Money, Markets &amp; New Age Investing Podcast https://www.youtube.com/@GregoryWeldon https://www.youtube.com/@MoneyMarketsNewAgeInvestingPod Our YouTube Channels

S4 E6:  Ding Dong the Witch is Dead…NOT!

Money, Markets & New Age Investing

# Full Transcript

**Podcast:** Money, Markets &amp; New Age Investing

## Transcript

Hi, Greg Weldon here and your host for Money, Markets & New Age Investing. You'll have to give me a little bit of slack today. My voice may not yet be fully up to speed even though it is now virtually two weeks since I was in Madison Square Garden for the New York Knicks and the Game 3 of the Finals against the Spurs. The game where the refs pretty much confirmed for everyone in the building that the NBA, tied in with DraftKings, the game is kind of manipulated to some degree because it's a

entertainment now, no longer, you know, pure sports competitiveness. But in that dynamic lost my voice yelling at the referees. Yes, because it was one of the most poorly, it was the most poorly officiated game and the most poorly officiated series I've ever seen. And I've played basketball at every level. And to me, this was mind blowing in terms of how poor the referee, the referees did their job poorly. But nonetheless, that really wasn't the point of beginning. But I realized now that my voice

sounds a little raspy still, sounds a little raspy still, so we'll go with it. But today we're going to talk about ding dong, the witch is dead. Not, no. And what am I talking about? I'm talking about the witch in terms of Iran, in terms of the MOU, in terms of the MOU, in terms of the Moulas, in terms of the nuclear threat, and in terms of the Strait of Hormuz being, you know, open as a result of this MOU. And I would say not so fast.

The Strait is not necessarily free and clear. Iran's shipping some oil through there because we're going to let them, because we're going to let them get some money and we're going to try and, you know, put the dangle this carrot in front of them in terms of, you know, dealing with the nuclear issue, which is the primary thing behind all this. So we can't just walk away from this. That would be seen as a loss and it's difficult. And Trump's kind of painting himself in the corner. And I think it's a, it was a valiant and worthy cause for sure.

But I think you stopped short of doing a full job and now you've left yourself a bit of an issue because part of the MOU states, at least the way I read it very clearly, that this could be extended, quote unquote, indefinitely. Indefinitely.

So this is just playing right into their hands as far as I'm concerned. And while there's some good points here, if we're going to, you know, maintain some sense of the dollar as the petro currency as a result of this deal, that's a little bit of an underlying thing that is, could be very positive to some degree. But if you're talking about giving them more time, 60 days, all right, the MOU could be extended indefinitely and the midterm elections are in November.

And you have a base effect in oil that if oil, if gasoline prices don't come down below $2, not to $2, not to around $2, below $2. In fact, below $1.90, you have a base effect that will remain inflationary thr...

S4 E6: Ding Dong the Witch is Dead…NOT!

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
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S4 E6: Ding Dong the Witch is Dead…NOT!

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.