Crude Oil Hits New 2023 High

Crude Oil has just hit a new 2023 high of $89.24 per barrel.

Apple (AAPL) is priced for perfection with an enterprise value/revenue ratio of 7.30 and its profit margins are about to decline dramatically. AAPL is at risk of a 50%+ decline from its current share price.

Most international stock markets benefit big from rising oil prices. Brazil will benefit most, and we expect iShares MSCI Brazil ETF (EWZ) to become the #1 largest gaining ETF.

As crude oil rises and international stock markets rise, the U.S. Dollar Index will resume its downtrend.

Gold will hit new all-time highs prior to crude oil hitting new all-time highs.

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