Circus Clownius only controls 45% of the world's stockpile, so he wants to build that up to prove that once and for all he doesn't have small hands. I feel safer already...
Nevertheless, uranium stocks not impressed by the latest chit chat from the realtor-in-chief:
Today we learned that Gasoline demand (product supplied to retail) keeps plummeting a la recession:
24 week moving average. 2008 demand is circled, black line is average price of unleaded:
Speaking of 2008, the last time gasoline demand imploded was in 2008 when the U.S. deficit rolled over. After all, how better to conceal a recession than with inter-generational theft?
We also learned that volatility reached a new 21 year low, however, as we know volatility by definition is mean-reverting, since trading ranges can only narrow so much...
Nasdaq with Nasdaq VIX:
Reach for junk with VIX:
Oil (red), Rest of world (black) with VIX:
Oil realized Volatility
Hedging. Or not...
Rydex bank assets
In Goldman Sachs, Exxon, and the Anti-Christ We Trust