Noble Corp (NE) – Beaten down offshore oil driller
Crude is at 69 a barrel. Leading indicator for inflation. It’s time to consider short covering in many of these beaten down oil stocks. Oil generally enters a bull market years after gold. Gold short covered feb 2016. It’s been more than 2. Other commodities I can’t speak for as they are in a choke hold. But gold short covering sent GDX into a triple bagger. Where does this go?