re: Is "smart money" piling into oil once the calendar flips to January?

quote:

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I don't think you can just make a blanket assumption that since the last oil bear lasted 20 years that this one will as well.

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It's as good a guess as any. Commodities in general have 20 year bear markets followed by 10 year bulls. Gold does it, grains do it, softs do it.

I think a lot of it is driven by currency cycles, but that's just a theory.