If oil has bottomed then will gold and (especially) silver not also move up? For people who want commodity leverage but not as much as provided by JNUG, check out USLV. My price target for it is $55 some time in 2015.
Friday, January 2, 2015
I model USO as having put in a significant bottom today.
Here is my primary model and here is my alternate model. Today's action looks like it could be a completed 5 waves down from the peak of the 4th wave. Of course that could just be 1 of 5 as well but the dip today down to $19.68 is pretty close to my original $19.50 price target and so I'm sticking with that as my primary model.
If oil has bottomed then will gold and (especially) silver not also move up? For people who want commodity leverage but not as much as provided by JNUG, check out USLV. My price target for it is $55 some time in 2015.
If oil has bottomed then will gold and (especially) silver not also move up? For people who want commodity leverage but not as much as provided by JNUG, check out USLV. My price target for it is $55 some time in 2015.
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