Have Oil Prices Bottomed Yet? - Mike Swanson (10/14/2016)


I just did the above interview with Jim Goddard for howestreet.com.

In the interview we talked about the stock market, the need for people to raise cash reserves, buying gold stocks, junior mining stocks, and oil.

Right now I get many emails from people who want to buy oil stocks and questions about oil.

I use simple technical analysis patterns to figure out the big picture of a market, and oil has not started a bull market yet.

I explain why.

I also explain the evidence that big traders are actually short selling and betting against oil on this recent bounce.

The gold price chart started a new bull market in January, but oil has not done that yet.

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