Friday, February 3, 2017

Crude Oil: Expecting a 40-60 Dollars a Barrel Range

My view is that Oil is making a complicated bottom. I do not think we have seen the low for this year yet. I am not even sure what the low will be. A range of 30 to 60 dollars a barrel, or 40 to 60, something like that. (Nymex Crude Oil futures, United States Oil Fund LP ETF (USO))

Gold: In the Process of Finding a Bottom (SPDR Gold Trust ETF (GLD))

Corrections and rallies are very common in all markets, does no matter what the market. What we are seeing is the process of gold (SPDR Gold Trust ETF (GLD)) trying to find its bottom and in my view it is not here yet.

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