Energy Report: The Retail Revolution

Retail investors are rising up. Refusing to be Wall Street’s doormats, retail investors are attacking Wall Street positions that are vulnerable and making them pay. They are banding together and rocking the markets, squeezing stocks like Game Stop (GME) and AMC (AMC), and are now turning their attention to silver. They are attacking short-sellers and they are now realizing that silver is undervalued as compared to gold and Bitcoin. It will be only a matter of time till they realize that oil is cheap as well.

Petrol, Gasoline, Diesel, Gas, Automotive, Prices, Oil

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Bloomberg News reports that “the precious metal has become a popular buying target for retail investors who want to inflict losses on hedge funds, after posts on WallStreetBets claimed the market was ripe for a short squeeze. Others in the Reddit forum have responded with pleas to avoid the trade, saying Citadel stands to benefit as a major holder of the largest silver exchange-traded fund.” But they are not listening. Silver coins are flying off the shelf and silver futures soared above $30.00 a once.

The run-on silver and the risk on-momentum is boosting oil! It may be only a period before the rental army starts to realize that President Joe Biden's attack on oil is going to leave the market undersupplied. Retail investors might rely on the fact that banks are pulling their investment dollars away from fossil fuels and might become a target by the crew that wants banks to feel some investment pain.

Oil prices were weak Friday on Covid fears and what seems to be disarray in the Biden administration as far as vaccine distribution goes. Politico reports “It’s a mess": Biden’s first 10 days dominated by vaccine mysteries. Biden’s team is still trying to locate upwards of 20 million vaccine doses that have been sent to states — a mystery that has hampered plans to speed up the national vaccination effort. Joe promised he would bring in a competent, tested team to run the pandemic response, set ambitious vaccination targets and impose strict public health guidelines. His team arrived at the White House with a 200-page response plan ready to roll out. But instead, they have spent much of the last week trying to wrap their hands around the mushrooming crisis — a process officials acknowledge has been humbling and triggered a concerted effort to temper expectations about how quickly they might get the nation back to normal.

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