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Gold Bull Catalyst: Bubbling Crude Oil Triggers a Rush
from King World News
Another gold bull catalyst has kicked into high gear as bubbling crude oil triggers a rush.
Bubbling Crude Oil Triggers A Rush
September 13 (King World News) – Jason Goepfert at SentimenTrader: Bubbling crude triggers a rush toward optimism.
Key points:
Optimism on oil has cycled into excessive optimism territory after being moderately depressed
Speculators are jumping on board, the term structure is getting out of whack, and volatility has plunged
Similar conditions preceded weak returns, especially during this part of the year