My cycle work strongly suggests an important low in oil may already be at hand, or at worst, very close. Take a look at this chart, made from my cycle studies on oil. You can clearly see the dominant cycle shown on the chart indicates we may be at a major low RIGHT NOW.
I’ve been working with these cycle studies for 20 years now and they are pretty reliable. In fact, they call important highs or lows better than 70% of the time in just about any market I apply my methods to.
What could soon drive oil higher, possibly much higher? Four main forces:
1. The sudden realization that oil supplies are tighter than ever
2. The potential for a bounce higher in the U.S. and global economy
3. The bursting of the bond market bubble — something few analysts are talking about.
4. The monetization of the U.S. Tower of Debt … the gargantuan fiscal deficit … and the Fed’s massive money-printing, has begun. Long-term, it’s highly inflationary.
My view: If my cycle study is correct, oil could be signaling these forces, and we should soon see an explosive move higher in oil.
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