The US draw of crude oil from its Strategic Petroleum Reserves (SPR) dropped during the week to July 24, 2026 to 3.8 million (M) barrels (bbl) down from a weekly peak of 9.9M bbl in May 2026.
David, your statement that the " its [the SPR's] ability to deliver crude oil to the market... " is virtually exhausted, is verified by only a quick look at the nature of the storage facilities, and the public reports of drawdowns.
Looking at Precious Metals, one of your topics, for a moment, this is interesting: a post today, 8/4/2026, at Riko at Kardamow which analyzes Friday's special report from Deutsche Bank's desk, regarding recent thinking on gold from the Bank for International Settlements :
QUOTE from Kardamow:
" The ratio frameworks price gold as a commodity: a thing arbitraged against oil, copper and flour, reverting to relative values set by production costs and substitution.
The fair-value model — the one Deutsche Bank overweights — prices gold as a reserve asset, sensitive to real rates, equities and the dollar, carrying an eleven per cent uplift for official-sector demand that no commodity framework can see."
Nat gas and LNG are getting scarce too. Be a hard winter for Chilly Willy. Scant fertilizer for this year, and next year even worse, and there aren't enough food banks. Maybe Agent Orange can get the military to deliver cheese to everyone under emergency energy lockdown. Although, having been poisoned by the Covid shots, no way I would eat it.
When just "Three" Huge investment/pension Funds control/own over 90% of all the stocks; Then realize that the Markets will not move, so long as they don't want the move??
Eg. "The crash will only happen when they want it to crash!"
State Street, Vanguard. and Blackrock, control your pensions, your investments, and your future. Private investors have no power!
And the PRICE of oil continues to get hammered... the blatant manipulation is appalling... I wonder if the new Truth Social "preview" SCAM had anything to say about it?
The joule energy content of a future paper contract for oil has a much lower value than the real thing and is a lot more difficult to put in your car's motor. I am hearing that the spot crude ready for physical delivery in some SE Asian country ports is ranging from $150-200. Like Hemingway's description by one of his characters of his bankruptcy, "slowly and then all of a sudden," will be the case for WTI futures on the Crimex when all their shorts get squeezed.
I am a big fan of oil investments price potential... maybe not a SURE bet... but damn close, IMHO! Silver, gold miners, oil... Swiss francs, Peru ETF... anything BUT the US dollar!
Hey Abiding, it's been a minute. I haven't seen you around C&C for a while. You're not missing much, same ole' gullibles reacting to a likely paid influencer: Jeff
Yes, I had to bail on C&C, the Trump sycophancy, coupled with the obvious Trump insanity and loyalty to Israel first... just got unbearable.
Sorry to hear it is still FUBAR.
Yes, given Jeff's refusal to even mention Israel's genocides, land thefts and massive corruption of OUR government... I think you are right... he must be associated with AIPAC or Mossad Disinfo Ops in some way...
My best to you and the few other really good people there!
Hey abiding, my apologies for the delay. It’s pretty alarming, to read the comments of others. On C&C, the people react like the Messiah joined their team. Jeff C. is likely a paid influencer. The unawake are likely the same people that ran for the vax lines.
It’s actually nauseating to see this country, being taken down, piece by piece. It appears the US lost its sovereignty and was annexed by Israel, a very long time ago. It all leads to the third temple, with the US fighting the battles and paving the way.
Thank you David! POTUS should just leave and bring our men and women home for a long rest! Enough with the madness, in any case I feel he will be impeached in January! He has no shame and I am tired of his Vanity! Everyone have a great day!
The essence and art of momentum Crimex trading is to figure out what all the other morons on Wall Street think that everyone else is thinking, regardless of how out of touch with physical reality and logic it is, and then to go with the flow.
It’s not what you got… it’s what you give🎵🎵🎵
Thanks David!
David, your statement that the " its [the SPR's] ability to deliver crude oil to the market... " is virtually exhausted, is verified by only a quick look at the nature of the storage facilities, and the public reports of drawdowns.
Looking at Precious Metals, one of your topics, for a moment, this is interesting: a post today, 8/4/2026, at Riko at Kardamow which analyzes Friday's special report from Deutsche Bank's desk, regarding recent thinking on gold from the Bank for International Settlements :
QUOTE from Kardamow:
" The ratio frameworks price gold as a commodity: a thing arbitraged against oil, copper and flour, reverting to relative values set by production costs and substitution.
The fair-value model — the one Deutsche Bank overweights — prices gold as a reserve asset, sensitive to real rates, equities and the dollar, carrying an eleven per cent uplift for official-sector demand that no commodity framework can see."
END QUOTE
Deliberations follow.
Gold is a once and again monetary asset, not a commodity.
Soon silver.
Nat gas and LNG are getting scarce too. Be a hard winter for Chilly Willy. Scant fertilizer for this year, and next year even worse, and there aren't enough food banks. Maybe Agent Orange can get the military to deliver cheese to everyone under emergency energy lockdown. Although, having been poisoned by the Covid shots, no way I would eat it.
But you'll only get your government cheese with a digital ID.
Just like the silver squeeze. Another meditation on patience.
The markets dont appear to have a care in the world.. with oil DOWN a whopping 6% today!
When just "Three" Huge investment/pension Funds control/own over 90% of all the stocks; Then realize that the Markets will not move, so long as they don't want the move??
Eg. "The crash will only happen when they want it to crash!"
State Street, Vanguard. and Blackrock, control your pensions, your investments, and your future. Private investors have no power!
And the PRICE of oil continues to get hammered... the blatant manipulation is appalling... I wonder if the new Truth Social "preview" SCAM had anything to say about it?
The joule energy content of a future paper contract for oil has a much lower value than the real thing and is a lot more difficult to put in your car's motor. I am hearing that the spot crude ready for physical delivery in some SE Asian country ports is ranging from $150-200. Like Hemingway's description by one of his characters of his bankruptcy, "slowly and then all of a sudden," will be the case for WTI futures on the Crimex when all their shorts get squeezed.
HAH!! So true...
I am a big fan of oil investments price potential... maybe not a SURE bet... but damn close, IMHO! Silver, gold miners, oil... Swiss francs, Peru ETF... anything BUT the US dollar!
(NOT investment advice!!)
100,000 $ will get you..1 months access...
but yes
just as silver is manipulated down, when 6 years of deficit...
This can only happen, on COMEX....
selling paper to crash price....
but at some stage.....reality hits....
neg 38 $ oil was also a scam
Yes... and the crooked scumbags of the SEC, etc still sleep...
I'm a BIG fan of silver... taking a beating lately, but chin up... my time will come again... remember $110 silver? What really changed?
oh yes...
I have a dream.....
One day China will announce, that it will buy ALL Physical silver at double the fake Comex price....
check mate
Ah, Bravo!
From your lips to Buddha's ears!! ;-)
Hey Abiding, it's been a minute. I haven't seen you around C&C for a while. You're not missing much, same ole' gullibles reacting to a likely paid influencer: Jeff
Hope all is well with you.
Hi, Kool!
Yes, I had to bail on C&C, the Trump sycophancy, coupled with the obvious Trump insanity and loyalty to Israel first... just got unbearable.
Sorry to hear it is still FUBAR.
Yes, given Jeff's refusal to even mention Israel's genocides, land thefts and massive corruption of OUR government... I think you are right... he must be associated with AIPAC or Mossad Disinfo Ops in some way...
My best to you and the few other really good people there!
Hey abiding, my apologies for the delay. It’s pretty alarming, to read the comments of others. On C&C, the people react like the Messiah joined their team. Jeff C. is likely a paid influencer. The unawake are likely the same people that ran for the vax lines.
It’s actually nauseating to see this country, being taken down, piece by piece. It appears the US lost its sovereignty and was annexed by Israel, a very long time ago. It all leads to the third temple, with the US fighting the battles and paving the way.
Thank you David! POTUS should just leave and bring our men and women home for a long rest! Enough with the madness, in any case I feel he will be impeached in January! He has no shame and I am tired of his Vanity! Everyone have a great day!
David, have you read this? Came out in early July. https://substack.com/@groundbreakerre/p-203509919?just_subscribed=true
Amazon. Mobil 1. 29$ readily available. So no panic on motor oil.
So that, was that.
Perhaps someone could explain the quote from Kardamow and why it makes a difference??
The essence and art of momentum Crimex trading is to figure out what all the other morons on Wall Street think that everyone else is thinking, regardless of how out of touch with physical reality and logic it is, and then to go with the flow.