Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Oil Cycle Low Confirmed. Gold's Bear Ending Too

ByGary Savage
Published 10/08/2015, 05:05 AM
Updated 07/09/2023, 06:31 AM

Oil has produced a right translated cycle. This confirms August as the 3-year cycle low. We shouldn't see these levels again for a long, long time. Maybe never.

If oil and the CRB have completed their multi-year cycle, then I'm about 99% sure that gold has also finished its bear market. The initial rally is likely to be slow as gold climbs out of the bottom, but make no mistake, a bear market this destructive is ultimately going to produce the largest bull market any of us will ever see in our lifetime.

Oil Daily

Latest comments

What about when the Iranian oil joins the market (if the trade-bann removes) Do you still think that we've seen the lowest prices on oil? The raises these days have been nothing but speculations that ehter OPEC sets a "mini-price" or that one of the big oil-export countries starts to lower its export, and I'm not seeing that happening in a while, at least not at these levels of prices, its still worth exporting. Then we also have Kurdistan who also joins the market with its oils. What do you think :)?
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.