We have broken out decisively and the path of least resistance is up. Of course, if we do get any kind of disruption of these oil wells in Iraq, its going to be way up. But even if nothing bad happens there, prices are still headed higher.
Related: Energy Select Sector SPDR ETF (XLE), Exxon Mobil (XOM), Marathon oil (MRO), ConocoPhipllips (COP), United States Oil Fund LP ETF (USO);
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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- Federal Reserve: Trapping People In Money-Losing I...
- GDP: Biggest Contraction in 58 Years
- Americans May Not Be Able To Afford Higher Gasolin...
- Higher Crude Oil Prices Will Affect The Global Eco...
- Yellen Is Not Worried About Inflation, Yet
- Bitcoin: It`s Not Going To Work
- Digital Currencies, Bitcoin, Twitter & The U.S. Do...
- The British Pound (GBP) Is Breaking Out
- Why Jobs Are Declining In America
- Loading Up On Gold And Silver
- Inflation Is Already Taking Off
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- Video: Gold & Housing Market Outlook
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- What`s Driving Oil Prices Higher?
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