Over the past 20 years, there have been two major points at which a peak in the oil price corresponded to a significant low in the gold mining stocks.
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Over the past 20 years, there have been two major points at which a peak in the Oil price corresponded to a significant low in the gold mining stocks.
Oil could be breaking out here and if it can push above $115, it has a clear path to $145-$150, the all-time high.
Oil’s term structure suggests it’s likely to make a peak over the coming months. Oil peaking and correcting could have significant implications for inflation expectations and Fed policy.
Video Length: 00:09:17
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