Crude Oil: $80/Barrel By The End Of The Year

Crude oil is getting more expensive again. The chart to me looks very, very strong. I still think we have a shot of 80 dollars a barrel crude before the end of the year and then north of a 80 dollars a barrel next year especially when the US Dollar rolls over. If you think about how strong crude oil prices are today with the US Dollar strong, imagine how much stronger oil prices will be tomorrow when the US Dollar is weak.

10-Year Treasury Yields Can Explode Higher At Any Time

Interest rates are going up, in fact the yield on the 10-year Treasury today was up I think 40 basis points to 2.98 percent. So, we're almost at 3 percent right now in the 10-year. The chart though to me looks like we can explode higher up to three and a half four percent almost any time.