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SMC Update Week Ending 9-15-23 Recorded 9-16-23

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09/16/2023

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jeanrobert15225
jeanrobert15225

Thank you, Peter, you are not crazy, I believe you. So much experience, 50 years of research and dedication, you are always interesting and even if you have been criticized, sometimes inappropriately, even your critics watch your projections intently and some of them might even think they know more about them than you, but it is what life is, but in the end, I think you will prevail.

m1.c70
m1.c70

Thanks Peter. The Web app for USO continues to show a 100/110 week projection of $111-143. This is not consistent with the much lower oil projections you had for ticker CL a week or two ago. I would be very grateful for an explanation of this significant discrepancy between these two oil tickers.

m1.c70
m1.c70

brian1469 said:

m1.c70 said:

Thanks Peter. The Web app for USO continues to show a 100/110 week projection of $111-143. This is not consistent with the much lower oil projections you had for ticker CL a week or two ago. I would be very grateful for an explanation of this significant discrepancy between these two oil tickers.

Just by looking at both of them in the software to me it seems long term USO pricing might be tough. It looks to me like it has been repriced a few times. For some reason it registers a price of $300 back in 2014 which I would think would screw with the continuum.

When i look at @CL on it the pricing seems more right as it is around $100 in 2014

brian1469 said:

m1.c70 said:

Thanks Peter. The Web app for USO continues to show a 100/110 week projection of $111-143. This is not consistent with the much lower oil projections you had for ticker CL a week or two ago. I would be very grateful for an explanation of this significant discrepancy between these two oil tickers.

Just by looking at both of them in the software to me it seems long term USO pricing might be tough. It looks to me like it has been repriced a few times. For some reason it registers a price of $300 back in 2014 which I would think would screw with the continuum.

When i look at @CL on it the pricing seems more right as it is around $100 in 2014

Thanks for your observation Brian regards.

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