Sjuggerud: Why oil prices could be much higher in a year

From Dr. Steve Sjuggerud, Editor, True Wealth Systems:

Volatility often soars at turning points…

It doesn’t matter if you’re looking at stocks, bonds, or even real estate. The right price is hard to find when you’re near a major turning point – or a market bottom.

No one knew the right price to pay for stocks in early 2009. No one knew the right price for real estate in 2011. And that led to massive price swings and high volatility.

The same thing is happening in the oil market today. In the past month, we’ve seen daily gains up to 11%. We’ve also seen daily losses of as much as 7%.

This does NOT mean oil is at a bottom today. But it means we’re likely nearing a turning point for oil prices. Based on volatility alone, that could mean higher oil prices – potentially much higher prices – are possible over…

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