Oil That Glitters Is Not Gold

Oil is set up very well through the end of the year, says David McAlvany. He discusses reasons to be bullish on oil (/CL). He also talks about how China's reopening will impact oil prices, noting that the wild card remains how powerfully the Chinese economy bounces back. He mentions that the concern in the U.S. is refinery bottlenecks that pressure gas prices higher. He then goes over catalysts for the recent decline in gold (/GC) prices. he highlights that sideways consolidation or correction was a possibility for gold following a solid move over a short period. Tune in to find out more about the stock market today.

The Watch List

07 Feb 2023

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