Oil and Gold are close to a CRASH

There is absolutley no fear in the oil and gold market. It as if the owners are getting more conviction as the price drops and stock prices deteriorate. That is a dangerous stance.

I still have a small USO and BTU position that are now underwater and I am glad I sold half at a profit per my post last week.

The question is do I step up to the plate here?

Nope.

I think Oil could drop into the low 50’s , even mid 40’s if the market stays strong. I would love to see a few more BIG down days in oil where the longs get washed out.

My feel is really weak these days mainly from my attention to other business so I must tread lightly.

From my tour of the web, lot’s of expectations for a bounce here in oil and gold.