2019年1月9日星期三

Here's the full 2019 crude oil price forecast

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Oil Outlook

The year ahead is going to make crude plays much more profitable. Here's how...

Here's My Full 2019 Crude Oil Price Forecast (and the Best Way to Profit)
By Dr. Kent Moors, Global Energy Strategist, Money Morning

Editor's Note: Kent's paid-up Energy Advantage subscribers got his complete energy forecast, including renewables and LNG last week. We wanted to share his oil targets with you because, while energy is looking very bullish overall, crude promises some aggressive upside potential...

The final quarter of 2018 has certainly been "historic." Then again, so was RMS Titanic's last night above water.

Both primary crude benchmarks posted highs on Oct. 3, but through close of trade on Dec. 27, they've been in marked retreat. West Texas Intermediate (WTI), the standard for futures contracts set in New York, has lost 41.6%, while Brent, the more widely used global yardstick set daily in London, has shed 39.8%.

Those figures even include a major single-session advance of 8% recorded on Dec. 26.

Of course, oil has been moving in tandem with a collapsing broader stock market. Weakness and volatility have been boosted by (largely misplaced) angst involving a credit inversion, where shorter-term maturities begin offering higher yields than paper further down on the curve.

A yield inversion is sometimes regarded as a precursor to a recession, although I also regard this fear as quite overblown.

Why? It's simple: The market has had more inversions not leading to recessions than it has had those resulting in one. Besides, in the unlikely event a recession hits this time around, it usually takes at least 18 months for any tangible indicators to form. Prior to that, it's all idle speculation, guesswork, and worry.

And as if to put a point on it, that worrisome inversion has quietly corrected over the past few weeks.

At the end of each year, there is a combination of loss-taking for tax purposes, institutional investors balancing and re-balancing portfolios, and lowered liquidity.

This is nothing new. This year, however, all three factors have collided in a profoundly uncertain environment fueled by a government shutdown, geopolitical tensions, concerns over U.S. foreign policy consistency, a U.S.-Chinese trade war, and highly suspicious computer-buying programs.

So it's easy to see why crude prices seem stuck in the basement - stock prices, too, for that matter.

But as I'm about to show you, the year ahead looks much brighter than the current situation suggests... Full Story

New Video



Exclusive Interview with the Man Who Broke the Cannabis IPO Record
In 2018, cannabis stocks turned more regular people into millionaires than any other sector.

One leading magazine found 77 different people - from every walk of life - who made more than $1 million from cannabis.

That's just in the last few weeks alone... and according to experts, it's just a drop in the bucket compared to what could be coming in 2019.

In fact, they're predicting that just one corner of the cannabis market could create up to $12 billion in new wealth for investors before the end of January.

Now that might sound a little ambitious, but consider this:

On June 19, this corner of the market created $1.4 billion... On Nov. 16, it created $2.5 billion... And on Oct. 29, it created an extraordinary $4.5 billion.

These are all just single-day figures... for cannabis IPOs.

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We're making this interview available to our subscribers for a limited time. As far as we're concerned, it's mandatory viewing for anyone who is serious about the opportunity to make money next year.

So please, do not miss out.

Click here to watch now.

David Zeiler

These Crypto Leaders Gave Us Their 2019 Predictions
Digital currency is set to enter its second full decade of existence, and these very bullish industry pros couldn't be more excited... Full Story

Buy Now

This Impending Breakup Could Hand You a 3-for-1 Bargain
What's better than owning a company for much less than it's worth? Owning three of them at the same insanely good value. That's the situation here... Full Story

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Cryptocurrency Windfalls (Premium Content)

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Most of our crypto positions are headed in the right direction now. We've squeezed every last drop of value from this particular holding, though. Here's what to do... Full Story

Private Briefing (Premium Content)

It's Time to Repeat These Stock Play Winners
Today, our Bill Patalon is bringing you an updated "directory" of all his "Lightning Round" videos and "Forecast 2019" series, in case you missed any of them. Check it out now... Full Story

Profit Alerts

The Scooters Are Everywhere; the Way to Profit on Them Is Here
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