A monster rally in gold and oil may be directly in front of us and investors and professionals around the globe are not positioned for a shock in the oil market.
February 11 (King World News) – Alasdair Macleod: “Just remember that this time last year the price of oil went from $80 to $120. The price of gold went from $1,800 to $2,070. This time having ticked back it’s now got a springboard to shoot up higher. So I think what we are seeing right now, Eric, is actually very interesting and very positive. Gold is very oversold now. We don’t have the Commitment of Traders (COT) Report, but just look at the Open Interest on COMEX — it’s come all the way back down to very low levels. And that’s the best…to continue listen to Alasdair Macleod discuss the big surprise for the gold and oil markets as well as what other surprises are in front of us CLICK HERE OR ON THE IMAGE BELOW.
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