Oil prices closed above 50 dollars a barrel for the first time in a year, since last summer, June or July. This is not good news for the American consumer but its not just gasoline prices that are going higher, a lot of prices are going up.
Related ETFs: Energy Select Sector SPDR ETF (XLE), United States Oil Fund LP ETF (USO), Nymex Crude Oil Futures
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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2016
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June
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- Gold Stocks Are Not Expensive At All
- Switzerland Is The Strongest Economy In Europe
- The Markets Are Way Overreacting
- Yellen Is Still Pretending
- The Gold Trade
- Gold & The British Referendum
- The Next Crisis Will Be A Dollar Crisis
- European Banks: Trading Lower Than They Were At Th...
- The Markets Are Rolling Over
- Markets: U.S. Dollar, Emerging Markets
- This Trade Is Just Getting Started
- We Are Going Into A Currency Crisis
- Crude Oil Prices Close Above 50 Dollars A Barrel
- There Is A Bubble In Sovereign Bonds
- Why The Fed Will Not Raise Interest Rates
- Markets: I Am Not Short U.S. Treasuries
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