After the recent crash, the MACD indicator for the price of oil has fallen to the lowest level since 1990, potentially lowest level ever (my price history for Crude Oil Brent does not go further back in time). These kind of levels have not been reached more than two times in 25 years, and everytime the price have started major bull markets from that point. In other words, based on historic price action, this is a very rare upportunity:


As mentioned several times before here, gold & silver reached such extreme levels about a year ago, now oil is there as well. This is one of few epic opportunities for value investors to buy resources at or below production costs. ASIC for major gold miners is at about $1000. Updated gold chart with MACD:


According to Silver Wheaton CFO, most silver miners wont make a profit even if price goes…

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