Crude oil prices continue to feel the heat from a rise in U.S. rig counts and seasonal weakness, but is finding some support near the yearly lows. Oil sank after Baker Hughes said the U.S. oil rig increased by 6 to 670.
In this interview with The Mining Report, Stansberry Research Editor Matt Badiali shares the secrets for finding under-appreciated commodities and companies before they become overpriced, and names his favorites.
Horizontal drilling and fracking have opened new opportunities for investing in domestic energy, whether for pure-play explorers in developing shales, producers in mature areas, or service companies opening up the monster wells.
An alert sent of mine brought to my attention that this October is going to be Fibonacci 987 months off the 1932 low. Wow! That is bigger than the 2007 pivot I told you about seven months ahead of time.