Jeff Currie from Goldman Sachs doesn’t want to rock the boat. He likes gold, but doesn’t really like it. He thinks crude can trade a little higher, but there are near term risks to the downside. Any cursory research would tell Jeff that these ball-less calls are meaningless. We both know volatility is abundant in the commodity sector. There isn’t a chance in red hell that they will remain range bound for the next 6-12 months.
A reckoning is coming. Either crude explodes to the upside, leaving a trail of dead bears strewn in his wake, or it’s going to collapse again–amidst the fury of the flames that have been stoked for the better part of the past twenty years of corporatism.
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Crude is going to collapse upwards and gold is going to skyrocket downwards.
Crude has a nice trend of collapsing every July. meaning 52 is the top and we’re going lower throughout the 2H of 2016
plus Fed thinks they can sneak a hike again….
As usual trade the opposite
Isn’t “it’s going to go way up or way down” wrong the majority of the time? That’s the kind of advice that Blue Star always liked to spew, and he still got caught leaning the wrong way at the wrong time.