News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
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US Bans American Banks from Purchasing Russian Sovereign Debt
US Bans American Banks from Purchasing Russian Sovereign Debt
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Crude Oil Update

Crude Oil Back and Fill

October 7, 2021 - (Gold Market Wire) - Yes, we know - it's a Gold site. But we have to go where the action is, because this is also a commodity and fx trading site. They are inter-linked by monetary denomination and physical representation. The action is in energy, and with Natgas and electricity exploding higher in Europe, we see Crude Oil as under-valued. Gold and Silver are doing well to 'hang-tough' while equities get pounded, and we are impressed. We're not ready to get long the metals yet, but the potential is certainly encouraged by their recent performance.

That is not the case with crude oil. Crude is where the action is, and that is not likely to change for some time. This oil bull has months to run, and right now, the pullback (a classic back and fill) from the recent break-out offers a nice place to add length.

strong as 'ya like.

So for all the Goldbugs out there who are staring at their stack of one ounce coins, why not cash a few in and buy some oil? This looks like a show that is getting ready to run and run.

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