The dance to oil on a slippery ground

crude_oil dance

Since hittingĀ a supercycle degree top of $147 a barrel in July 2008, WTI Crude experienced a dramatic crash down to $32 a barrel by Dec 2008. the past 4 yrs have seen a wave B rally to $110 which is currently topping. Once it tops wave C will begin and it will take prices back…

Gold losing its shine

Gold bar i

Since reaching a wave 5 peak in Sep 2011, gold has been in a downtrend. This is the start of wave A down that will take gold prices to at least below $1,000 oz.