This is Macro Voices with hedge fund manager Eric Townsend, the free weekly financial

podcast targeting professional finance, high net worth individuals, family offices, and

other sophisticated investors. Macro Voices is all about the brightest minds in the world

of finance and macroeconomics telling it like it is. Bullish your bearish, no holds

barred. Now here are your hosts, Eric Townsend and Patrick Sarrezna.

Macro Voices episode 268 was recorded on April 22, 2021. I'm Eric Townsend. This episode

is brought to you by ABEC's technologies, pioneering the design of smarter markets that

better meet the needs of both market participants and society as a whole. And by Abra Silver Resource

Corporation, a premier emerging silver and gold exploration company, ticker ABRA on TSM

Venture and ABBRF in the United States. It's time for a crude oil special and petroleum

geologist Art Berman is back as this week's feature interview guest. Art nailed the call

for a $65 crude oil this year when we had him on in early January. But now Art says the

big move higher in price is probably mostly over and he doesn't really see any reason

to expect crude oil prices to rally much higher than $70 this year. And that's despite

the fact that Art still predicts a significant decline in U.S. production later this year.

We'll discuss all of that and much more in this week's feature interview. Then be sure

to stay tuned for our post game segment when Patrick's chart tick will keep the energy

theme going with an examination of energy equities.

And I'm Patrick Saraznan. Eric, the S&P 500 started this week just backfilling after almost

three weeks of straight up. We've really just been consolidating but it's not been a

really deep sell off by any means. Do you think there's something more to this or is

just the market taking a pause? No, I never even got below the short term moving averages.

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