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Crude Won't Gush in 2017 but Gold and Silver Will Shine

Crude oil had a strong 2016, but that momentum could stall in the coming year, says Maxwell Gold, director of investment strategy for ETF Securities.

Crude oil had a strong 2016, but that momentum could stall in the coming year, says Maxwell Gold, director of investment strategy for ETF Securities. Gold says he expects crude to remain range-bound as the market comes to grips with OPEC's production cuts. He is more bullish on gold ( ETF Gold Trust (SGOL) - Get Aberdeen Standard Physical Gold Shares ETF Report ) and silver ( Silver Trust (SIVR) - Get Aberdeen Standard Physical Silver Shares ETF Report ) in 2017 due to currency and geopolitical volatility. Finally, he is positive on coffee and sugar when it comes to agricultural commodities.

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