This story was originally published here.
To cut or not to cut, that is the question.
Your answer may tell you a little bit about yourself, too. Are you a “glass half-full” type of person? Or maybe you fall on the doom-and-gloom side?
Make no mistake, the market is optimistic.
Barring additional meetings, this could be the last time for Russia and Saudi Arabia to shake hands until the next official OPEC meeting.
Things didn’t work out so well last time when Russia abruptly left the table in dramatic fashion by pledging to increase production.
But there’s something different this time around.
Gone are the faux handshakes with their feet. This time, the meeting will take place via video conference, with one special guest in attendance.
Oh, to be a fly on the wall in that meeting.
Well, it turns out we are.
To Cut or to Not Cut
Crude prices remained steady this morning as the OPEC+ emergency meeting looms just a few days away.
That makes sense, considering billions of investment dollars are on the line, and I wouldn’t expect much movement until we see a definitive decision on a course of action.
To give you a little more perspective on how analysts are weighing the outcome of this meeting, Rystad Energy hailed it as the only hope on the horizon for the market.
In other words, everyone plays nice on Friday or else we’re in for some extreme pain down the road. And to think, things could get much worse than the 70% price collapse that we saw during the first quarter of 2020.
So where does everyone stand?
There’s no question in my mind that all parties want to cut oil output.
Yet nobody wants to look the fool and be the only one to do it.
Editor's Note: Click here to keep reading and see what's going to happen next. But keep reading for something amazing…
Hard-Asset Analyst: “Billionaires selling tech stocks, buying this”
Something strange is happening in the financial system…
And according to the Wall Street Journal, it's causing some investors –- including the world's biggest banks – to move massive amounts of cash out of the banking system.
I recently met up with widely-followed hard asset expert Bill Shaw at his firm's east-coast headquarters.
Over the past two decades, Mr. Shaw's firm has grown from tiny startup into a publishing powerhouse – serving more than a million readers in more than 150 countries.
Since 1999, the firm owes its legendary status as a trusted source of financial research to its eerily-accurate track record of often-controversial financial predictions, including:
- The Dotcom Crash…
- The bankruptcy of General Motors…
- The real estate bubble…
- The fall of General Electric…
- And the bankruptcy of Freddie and Fannie.
Recently, Bill revealed a brand-new prediction that has caught many by surprise.
He explained, “I'm not the kind of guy who gives in to hype and big predictions… that's why I've waited nearly a decade — to make sure the timing is right for the biggest prediction of my career.“
He went on to explain that over the next few years, he sees massive bull market developing in a sector of the economy that, over the years, has been completely ignored by nearly every investor in America.
The hard-asset expert said:
“Events happening around the world are about to come together at just the right time to create a perfect storm, causing some of the world's biggest investors to dump cash and stocks – and pile into this long-hated asset.
In fact, it's already begun.”
After dedicating hours to painstaking examination, ensuring he considered every possible angle, Mr. Shaw has put together a free presentation to explain exactly what he sees coming… and the best way for Americans prepare.