I've been talking about oil
prices going up on this podcast. This is the highest oil has closed over two
years and if we get above 62.75 which
is less than a dollar away that would be
the highest closed in oil since December
of 2014. But it was all between July of
2014 in December that oil prices
collapsed from above $100 a barrel to
down below 40 and so I think once we get
above 63 for example, I think we got
clear sailing up to 80 to $100 oil and I
think we can do that this year!
Jan 8, 2018
Jan 5, 2018
The Implications of the US Dollar Weakness
On a recent tweet, Peter Schiff highlights the recent moves in crude oil and gold and the implications of the US Dollar weakness going forward:
"Gold closed above $1,300 an ounce for the 1st time in 5 years, oil closed above $60 per barrel for the 1st time in 4 years, and the U.S. dollar fell the most in 14 years. Interesting that no one is worried about what this implies for inflation or interest rates in 2018!"
Related: SPDR Gold Trust ETF (GLD), United States Oil Fund LP ETF (USO), Nymex Crude Oil Futures
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