This was a LONG yr.
I used to be in Thailand this time final yr, engaged on a venture with the Thai Authorities to convey medicinal hashish to the nation with Hemp Boca and New Age – two of our PSW Investments companions. As with most issues in 2020, that venture is now on maintain but it surely looks as if a unique world the place I went to an airport and received on a airplane and walked round a crowded terminal with no masks on, and so forth.
I am 57 years previous and there is been no level in my lifetime the place the world has modified so drastically. World Conflict I used to be the “battle to finish all wars” after which there was the 1918 Pandemic after which the Nice Despair after which World Conflict II (because the “battle to finish all wars” did not, they determined simply to start out numbering them) after which we had a nuclear arms race then a worldwide recession within the 70s after which the monetary system melted down and now this – it is all the time one thing, is not it?
My Grandpa Max was born in 1903 and died in 1999 – having caught many of the motion and it all the time gave me the angle that “this too shall cross” although, when you are within the thick of issues – it positive does not appear so, does it?
We began this yr optimistically with “2020 Vision – Looking at the Year Ahead in the Markets” and we referred to as for an extended on Oil (/CL) at $61 and an extended on Pure Gasoline (/NG) at $2.16 and Pure Gasoline topped out at $3.40 in November however Oil hit $65 in January however then collapsed to $10 in April and is simply again to $48 now.