China's demand, Middle East tension, Iran, demand and supply,...... Nonsense!
I showed several times that all commodities, and especially crude oil, rise when short-term interest rates are below the level of inflation. In other words crude oil rises when real interest rates are negative.
Crude oil and commodities in general are stable when real interest rates are positive (short-term interest rates are above inflation.
The policy of the central banks create instability when they force short-term interest rates below inflation.
I have also discussed in detail these relationships in my book Profiting in Bull or Bear Markets.
More details in my The Peter Dag Portfolio , in Dag's Exclusive Market Alert, and my free educational videos on http://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.
Disclaimer.The content on this site is provided as general information only and should not be taken as investment advice nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
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