Ep. 620: 2018 Will Be Great with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Disingenuousness of the Head of OPAC
The head of OPAC said that the price is where it should not be. The fundamentals do not support this price and cast blame at speculators for this particular point in time, says Tom Zoellner. He argues that if a speculator would be selling it and driving the price down someone else has to be buying it to make that transaction happen. It's trying to placate their people because Saudi Arabia depends so much as does Norway and there's a trendYeah no way I think it is that some of the socialistic type of programs out there in the countries that depend on oil can't afford what they used to.
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