The driver in crude oil futures (/CL) is demand exceeding supply and it's not going to end with a couple of rate hikes, says Bob Iaccino of Path Trading Partners. He thinks there will be a seasonal tailwind combined with OPEC affecting crude oil futures. He and Ben discuss natural gas futures (/NG). He thinks the upcoming housing numbers will be stronger with the anticipation of higher rates causing a rush to buy homes. Bob says they bought gold this week and discusses the seasonality in precious metals including silver (/SI).
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