Legendary oil investor T. Boone Pickens told CNBC this morning that he is short oil and natural gas. He believes that oil will have a short term pullback.
I was surprised by this - Pickens has been (correctly) calling higher oil prices for quite some time. I'm glad I'm not long oil or nat gas right now - because I wouldn't want to be on the other side of this trade!
Subscribe to:
Post Comments (Atom)
Most Popular Articles This Month
-
This Thursday, we're co-hosting a free "trading training" webinar with our colleagues at TradingWins.com . Our goal is ...
-
This article was originally published on my new site and newsletter, Contrarian Profits . The panic selling in precious metals is givin...
-
Cotton futures have quietly dipped to their lowest levels in two years, prompting our "contrarian alert" to sound. King Cotton, si...
No comments:
Post a Comment