Josef Schachter has been dead on predicting Crude Oil in the last three years. He not only got Money Talks listeners short at over $100 in 2014, but he also spotted the bottom in February 2016 below $30 for a big bounce into the $50’s. Right now he sees a combination of tax loss selling and other factors setting crude up for a fabulous imminent buying opportunity at much lower levels than we trade today in the upcoming December/January period. A more than a doubling of Crude Oil prices are in the scenario he illustrates here.
…don’t miss Michael’s Weekend Editorial: A Final Death Blow