Oil: $55 - $60 Here We Come
Oil continues to baffle the fundamental and technical analysts. Folks, oil has completed its 3 year cycle low. Get it through your head that it’s not going back down. The market is already starting to discount tighter supply in the years ahead.
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Wow, does Gary realize his tone of voice is extremely condescending to those on the other side of the trade?
A better question is, why are you on the other side of the trade ;-)
Like you know how I am positioned?
So, how are you positioned?
I have been "all in" in the PM sector since early FEB. Regarding oil I am somewhat neutral, but on sidelines. I don't think bear market is over yet is my analysis, but not interested in playing downside since upside PMs is the place to be right now.
Which part are you referring you? I didn't find him to be condescending at all, he just sounded like he has conviction in what he's saying. I don't personally agree that it is as certain as he says, but then again, I'm not a technical analyst. And to each their own.