The public just poured a billion dollars into an ultrashort oil fund ahead of today’s explosive rally!
April 2 (King World News) – The Kobeissi Letter: Prior to today’s massive rally in oil prices traders poured a record $977 million into levered short oil ETF, SCO.
KING WORLD NEWS NOTE: The Public Poured Almost One Billion Dollars Into An UltraShort Oil Fund Ahead Of Today’s Rally!
This marked the fund’s largest monthly inflow since its 2008 inception.
Now, reports of President Trump “winding down” the Iran War in his address to the nation have been proven to be false.
Retail traders are taking large losses today…
Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.
Soon Gold Will Break This Trend
Peter Schiff: Stocks, bonds, gold, and Bitcoin are selling off, and oil is rallying as Trump re-escalates the war with Iran, despite the fact that we’ve already achieved the most glorious and brilliant victory in the history of war. Soon gold will break this trend and rally in tandem with oil.
US Dollar
Ronnie Stoeferle: Mapping the World’s Prices by DB is always a great read…
“We continue to be in one of those periods of dollar overvaluation today which explains why the US tops many of our charts in this study in 2025.”
Stocks & Oil
The Kobeissi Letter: Stocks and oil prices are increasingly moving in opposite directions:
The S&P 500 ETF, SPY, and the United States Oil ETF, USO, have moved in opposite directions in 38 sessions over the last 50 trading days, the highest in at least 20 years.
In other words, in 76% of recent trading sessions, when oil closed up, stocks closed down, and vice versa.
This surpasses the previous record of 36 trading days set during the 2008 Financial Crisis.
As a result, the S&P 500 has declined -4.0% over the last 50 trading sessions, while crude oil prices have surged +72.2%.
The correlation between the S&P 500 and oil prices is down to -0.4, the most negative since July 2025, and approaching the -0.5 reading seen in February 2022.
Oil and stocks are seeing a historically high negative correlation amid the Iran War.
Gold & Silver!
To listen to James Turk discuss the takedown in the gold and silver markets and what to expect next as well as oil and the mining stocks CLICK HERE OR ON THE IMAGE BELOW.
RELEASED!
Alasdair Macleod discusses the wild trading in gold, silver, oil, mining stocks and much more and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
ALSO RELEASED!
Ing Says Gold Price Will Surge Above $6,000 CLICK HERE.
Truly Shocking Inflation Figures As Oil Sees Historic Upside Move In March CLICK HERE.
Celente Says Iran War’s Economic Fallout Is Catastrophic CLICK HERE.
Michael Oliver Issues Important Update On The Gold Market CLICK HERE.
Intensifying Scramble For Physical As Buyers Compete To Secure Immediate Supply CLICK HERE.
INFLATION WARNING: Major Shortages As Escalation Spiral Of Military Strikes Continues CLICK HERE.
James Turk Discusses The Plunge In The Gold & Silver Markets CLICK HERE.
The Gold Market Has Scary Parallels To Weimar Germany CLICK HERE.
Michael Oliver – Important Gold Update CLICK HERE.
The War Trade Is Back On CLICK HERE.
BUCKLE UP: This Will End In Total Collapse CLICK HERE.
Schiff Says We Are Headed For A Full-Blown Financial Crisis That Will Be Worse Than 2008 CLICK HERE.
Celente Warns War Foreshadows Food Price Shock CLICK HERE.
Celente Says Iran Will Fuel Massive Bull Market In Uranium CLICK HERE.
Massive New Wave Of Inflation To Be Led By Soaring Oil & Food Prices CLICK HERE.
Very Encouraging Trading Today In Gold, Silver & Miners CLICK HERE.
Gold’s Biggest Collapse In 43 Years! Capitulation And Opportunity CLICK HERE.
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