Anthony Pompliano

So the thing I worry about, again, is not that this is like all situations.

This will end in three months from now.

Six months from now, we'll look back and realize this drove things higher.

What we don't know is three and six months from now, will oil prices be 80 or will they be 110 or will they be 65?

We don't know that.

And I think what the market is telling you in these parabolic

moves that are just like what happened with memory, just like what happened with silver.

I believe we are in a commodity bull market.

I think oil had lagged behind these other metals.

And as I said in some presentation I did yesterday to people, silver, even with the fall that's happened relative to six months ago, is up 60%.

Copper relative to six months ago is up 20%.

DRAM prices are up 500%.

Now oil is up 60%.

This is a commodity bull market.

And I think the geopolitical ramifications of a commodity bull market, which we saw in the 1970s, are what we're seeing now.

So natural gas prices in the US have barely budged.

Natural gas prices around the globe are up sharply.

So you have to separate.

We are flush with natural gas in this country, which is great, except for, again, that doesn't help us on gas at the pump.

That doesn't help us with diesel.