27 May '16, 8am

#Economy Morgan Stanley Notices The Strange Thing Taking Place Off The Singapore Coast

Be prepared for the next great transfer of wealth. Buy physical silver and storable food . zerohedge.com / by Tyler Durden / 05/24/2016 11:31 Last Friday we first reported on two surprising developments : one was a record accumulation of offshore crude tankers just off the coast of Singapore in the Straits of Malacca, awaiting higher oil prices to offload their precious cargo; the second was that as a result of previously profitable contango trades now flattening and making storage no longer profitable, oil shippers are now forced to ask for bank loans to fund offshore storage costs. Over the weekend Morgan Stanley’s analyst Adam Longson also noticed our report, and released a report focusing on the problem of floating storage which continues to grow, especially in Asia, and how he thinks it will impact the price of oil. This is what he said, most of which is a recap of wh...

Full article: http://right.is/gold-and-precious-metals/2016/05/morgan-s...

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Morgan Stanley Notices The Strange Thing Taking Place Off The Singapore Coast

Morgan Stanley Notices The Strange Thing Taking...

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