Hard Commodities

Monitoring the large speculators is not a precise timing indicator. But it’s a valuable piece of information to determine when it’s the right time to bet against the crowd.

In November 2016, OPEC announced cuts to oil production. Now, a year and a half after the production cuts, the organization has accomplished its goal.

As oil prices rise, investors are jumping into oil stocks. However, there’s a good reason why we do not own any oil-producing companies in the Real Wealth Strategist newsletter right now.

The room was unanimous on that point. They didn’t want to hear about oil. Yet in the face of all those commonly held beliefs, the price of oil rallied.