Shift Happens

 | Nov 26, 2014 02:46PM ET

Back on November 10, I did my Shifting Sands post, which predicted that oil would -- as Gold and Silver did before it -- fall to pieces. I’ve marked the point of my post on the chart below with an arrow. Well, so far, so good, in spite of the Saudis trying to prop things up.

I think oil has much, much farther to go.