Time to Buy Oil Stocks?

Ain’t nobody driving or flying yet... Ain’t nobody driving or flying yet... Ain't nobody driving or flying yet. [Outsider Club logo] Time to Buy Oil Stocks? [Nick Hodge Photo] By [Nick Hodge]( Written Apr. 22, 2020 “Are you putting money into oil right now?” That was the question that came through my friend group text yesterday. “Ain’t nobody driving or flying yet,” I replied. But what I should have said was: What time frame are we talking about? If you want to trade oil intraday or for a one-day bounce after that historic sell-off it just had — be my guest. That’s not really what I do. And of course, you could probably turn around in a day or two and short it because it’s not going straight back up. I don’t think my buddies are day traders so let’s assume he’s asking for the long term. Is now a good time to be positioning long-term in oil? Absolutely freaking not. [$317 Million: And That’s Just for Starters…]( The 2018 Congressional spending bill put a record amount of money into “emergency” laser technology... Why? Because they’re trying to protect America from a new “Death Star” high-powered laser being built by China. The Pentagon has hired Northrop Grumman and Lockheed Martin to build America a weapon that can counter this threat. But there’s a big problem — neither of these companies has the technology to produce the laser crystal diodes they need. I’ve found the only laser defense firm in the world (outside of China) that can build these crystal diodes (and early investors in this small company will retire early). [Click here for the full story.]( While some stay-at-home orders are slowly starting to be lifted, the majority are still on. Air traffic is still reduced. Auto traffic is certainly reduced. And the uncertainty about the recovery is still extremely high. It is particularly high as manifested in oil volatility — currently over 9X higher than it was in February. [Oil Volatility April 2020] Just like volatility was so high in the stock market in March that it was uninvestable… so too is the volatility in oil so high that it is now uninvestable. And so the answer is a flat-out “no”. It is not time to buy oil or oil stocks for the long term. In fact, we are likely going to see the same storage issues with the June contract that we just saw with the May contract. If storage is nearly full now and demand is significantly curbed, it’s not like we’re going to be freeing up a lot of space in the next few weeks. Same for oil stocks. We are firmly in a recession and possibly a depression. That’s not the time to be going long on oil stocks. [Gold Industry Insider Reveals His Big Secret]( The elite traders in the gold industry are not buying gold for $1,600+ like the rest of us. They are using [this secret loophole]( to buy up gold at a staggering 98% discount. Now one of the top advisors in the industry finally spills the beans and reveals how you too can get your hands on gold for as low as $8.10 per ounce. The profit potential is huge — [click here to discover how you can take advantage today!]( As has been noted several times in these pages… we are currently in a deflation. Even though there are literally trillions of dollars being printed, those dollars are not chasing goods. Yet. The yet is important. Because this recession/depression isn’t going to last forever and on the other side of it there is going to be (hyper?)inflation. You’ll want to be buying oil and oil stocks for that transition because the inflation will certainly be reflected in oil prices. But not yet. This cycle still has to cycle first. [And it is still firmly gold’s time.]( Call it like you see it, [Nick Hodge Signature] Nick Hodge [[follow basic]@nickchodge on Twitter]( Nick is the founder and president of the [Outsider Club](, and the investment director of the thousands-strong stock advisories, [Early Advantage]( and [Wall Street's Underground Profits](. He also heads [Nick’s Notebook](, a private placement and alert service that has raised tens of millions of dollars of investment capital for resource, energy, cannabis, and medical technology companies. Co-author of two best-selling investment books, including Energy Investing for Dummies, his insights have been shared on news programs and in magazines and newspapers around the world. For more on Nick, take a look at his editor's [page](. *Follow Outsider Club on [Facebook]( and [Twitter](. Enjoy reading this article? [Click here]( to like it and receive similar articles to read! 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