If no one needs oil anymore, other products may follow the same trend.
Palladium looks the most promising in this regard., which shines a drop three times.
Also, it is impossible not to mention Copper.
well, but with Oil everything is clear — returns to its true range, where and will go back and forth from 15 to 30. The oil bubble ended successfully.
Many will object, after all, the dollar is no longer the same as it was in the 80-90s of the last century and, that's why, now oil prices, all other things being equal, should be higher. But you can find a lot of examples when this rule does not apply., for example Cotton as walked in the range 50-90 thirty to forty years ago, and now I returned to the same place. We must not forget that there was strong inflation in the United States thirty years ago., therefore, the prices of goods were greatly inflated. And now America is facing deflation and prices will continue to decline and may drop even lower than they were half a century ago..
