Oil
 

Have to agree with Celente's recent call; what could/will derail the markets is $100 oil. I would say at $90/barrel, one had better start to consider adjusting the portfolio. It wasn't long ago we heard we'd "never see oil over $60 for a long, long time." We're at $80 now. Instability in the Middle East and Venezuela, I don't think it would take much to get past $90.

How would it derail the market? Do you have the link to Celente's call? Last time it was over $100 a barrel, the market was at 16,000+ and doing quite well. I read another article last week(can't find it now) where some Middle Eastern oil expert said that WTI runs into trouble at 75, and Brent at 85, which we hit both this week. Not sure I agreed with that. I'm still long oil. At $100, it gives us great shorting opportunities, like it did last time.

Thanks. Are you a subscriber to Gerald's Trendsresearch.com? His views sound interesting on oil, dollar, gold and the global markets in general.

Trend research...isn't that the guy who said a few years ago that Gold is going to the moon?

https://www.kitco.com/charts/popup/au1825nyb.html

I don't know if he said it was going to the moon but he likes it long term, knowing it has some technical issues it has to settle.

Celente also was one of the first to predict a Presidential win by Trump and Brexit.

Whosonfirst, I'm not a subscriber but do like his podcasts on King World News.