Oil Bounces Off $40

For the past week or so, we’ve been all about oil around here as our stock positions are doing well in the December rally.

Oil bounced hard off $40, the long-term support line we’ve been watching for some time now. We were hoping to see lower prices in the short term, but oil has come down far enough quickly enough to make moving sooner rather than later a smart bet.

It’s not too late to join this idea. Those along with it are finding that it feels good to put money somewhere besides stocks, especially when that somewhere is the world’s most basic commodity facing a supply/demand curve that has higher prices written all over it.

Wouldn’t it be nice for a change to benefit from higher fuel prices, instead of just suffering at the gas pump along with everybody else?

This entry was posted in Uncategorized. Bookmark the permalink. Both comments and trackbacks are currently closed.
  • Here are your three options:

    Option 1: Annual Subscription (no refunds)

    For just $200 per year, you’ll receive everything listed above to completely upgrade the way you manage your investments. This is 17% cheaper than the monthly option. This is what I recommend:

    Option 2:Monthly Subscription (no refunds)

    If you'd like to try The Kelly Letter  without paying the full year, you can pay $20 per month.

    Option 3:Free Email List

    If you'd like to hear more from me but aren't ready to part with any money yet, you're welcome to join my free email list:

    Join the free list

    Thank you for the work you do. You're a household name here and my wife and I often discuss your letters on Sundays. My ten- and seven-year-old children recognize your name and will eventually be taught to invest using 3Sig and 6Sig. You've had an enormously positive impact on our investing and inspired me to look at the world in more rational and clear terms than I did years ago. I'm sure that thousands of others would say the same. Kelly Letter subscriber Matt Barnes
    Matt Barnes
    Product Line Director

    Join Matt and thousands of other rational investors to invest without stress.

    Subscribe to The Kelly Letter  now!

Bestselling Financial Author