At an energy forum in Kuwait, Goldman Sachs said oil prices will easily top $105 a barrel in the event of any major disruption in supplies anywhere...market fundamentals are pointing for a mean reversion higher. Severe Hurricane Season predicted for the US this Year would be very bullish.
Crude oil is in the early stages of what he calls a "mult-year super spike period" Wow.
Summer seasonals for gold, silver and copper are fairly weak on balance.
Crude oil does have strong summer seasonals..tends to be flat in June and July, but then starts climbing in Autumn. "Stay Long Oil"
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