Video: Oil Analysis & How It Will Impact Gold Miners
Jordan Roy-Byrne CMT, MFTA on 2022-06-01 16:40:20.0
Over the past 20 years there have been two major points at which a peak in the Oil price corresponded to a significant low in the gold mining stocks.
Oil could be breaking out here and if it can push above $115, it has a clear path to $145-$150, the all time high.
Oil's term structure suggests it's likely to make a peak over the coming months. Oil peaking and correcting could have significant implications for inflation expectations and Fed policy.
