RE:I should have seen that coming today...ERTguy wrote: Fed signals 3 rate hikes in 2017 instead of 2. The dollar has little upside resistence in the short run meaning the price of Oil is going to come under pressure. Regardless I think this is a good opportunity to load up on oil stocks as the Saudi's are signalling they will stop at nothing to raise the price of oil. We should notice a significant difference on U.S. Imports come January if the Saudi's stay true to their word. Cheers
ERT, no worries on the USD front. Once Uncle Donald starts ripping up trade agreements nobody is going to want the US dollar. Either that or he'll tweet some of his usual uninformed nonsense and the USD will crater. Either way after Jan 20th oil should sky rocket. It's just a matter of time.