I don't believe oil top is here yet

The kind of chart pattern that oil is making is representative of many major peaks. The corrections are getting smaller and smaller, less in time duration.

The final end for this run will be when oil stops making any downward correction, and moves sideways before going up for a week or so. This type of pattern occurs frequently during major tops.

I have this suspicion that the government is behind this. That in order to make it tank, they need to drive it higher. So they get help from their buddies at Goldman and force dumb money to buy.

Why would the government want to do this? Iran. Plus to revive the economy, perhaps. But my bet, mostly to screw Iran way over with plummeting prices.

But I gotta tell ya, this isn't good for the world. Russia, which now depends a lot on oil income, and who've become a lot more belligerent of late, will not like this at all.

I've said many times that we're in the echo of 1937 history. I've said before that I think Russia = Germany, that Putin = Hitler.

I see Russia eye balling Georgia, Ukraine, and they will eventually go to war with China. For that matter, the US will likely go to war with China over Taiwan, and lose it.

Here, compare these two articles:

German military parade in Austria

Russian military parade

Note the dates, note the DJIA then and now.

Why would the government want to do this? Iran. Plus to revive the economy, perhaps. But my bet, mostly to screw Iran way over with plummeting prices. So, we are going to put the economy and peoples lives in havoc tailspin to revive it later. Yup, that is gov't thinking alright Not sure how this is gonna screw IRAN when we get most of our oil from Brazil ! All that OPEC needs to do is tighten the supplies to keep the prices high, why sell to US when there is plenty of customers elsewhere. This is so called Gov't scheme is going to backfire and it is not only not good for the world but worse for USA because we depend on it more then anyone else, IMO.

This is just all theory. I don't expect anyone to believe in it, nor trade off it. Only time will tell how this unfolds. So far, the 1937 analogy has.. unfortunately.. been spot on.

GS predicted last week that oil price could go as high as $200.