Feb 26, 2015
Jason Stevens believes that the current low prices we're seeing won't last. He believes that oil will go back up to the $65-70 range within a matter of months and should stay there for quite a while, once the storage situation is worked off. Just low enough to keep out the marginal shale producers. As far as diamonds are concerned, prices are going up and mines are closing. Very few new mines are coming on stream. It takes many years to bring a new diamond mine into production. Therefore, the companies who are currently producing good quality stones can present great values.
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