The sentiment seems to have a changed in the oil market. We now got several bullish factors going forward:
- New developments in regards to North Korea
- Opec are cutting production, defending the price
- Apparently new storms are on the way
- Winter is approaching in the northern hemisphere
Seems like $58 could have been the bottom, some $20 dollars from the top. Assuming the price overshot as much in both directions, a fair price would be $68...
In other news Google is ramping up quickly on the YouTube rumors, which might very well be true. GS, TTM and my energy stocks are all doing very well right here. Wish I had increased the Silver position while it was trading below $11 last week.
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