RE:It's time to cover those shorts and go long now.
Ok so here is my update from my Saudi Butt buddy...... Saudis will make an announcement before this monday stating the will only free production if all members agree well we know Iran aint gonna do it so yah.....he expects oil to touch $45 before end of August but then start to decline back too High 30's and then meeting will push for more action at end of Sept at which point oil will climb back to $50 by October 01 2016, says markets are expected to correct themselves without Saudis help this time and says we will be well rewarded if we just hold up until December 2016 and into first quater of 2017 back to $60++ so its your call guys wait for one last dip or just hold.......saudis will only agree to free with Opec once oil drops below $40 again this is being completely manipulated at this point. Shorts got until end of September to cover..... I will post more when I get more info