Nice Time to Buy Oil

Oil prices are falling today because worries are easing about Iran's nuclear dispute after the country's top nuclear negotiator expressed optimism that the standoff can be resolved peacefully, according to Reuters. Read the story HERE

Oh really? You mean the same Iranian nuclear negotiator who has bounced between threats and appeasement a half-dozen times before? THAT'S what is sending oil down? Well, you know what that means...

The Iranians will change their minds again. Then, oil prices will go higher.

The Iranians have been at this diplomacy game for over a thousand years, and they are playing the West like a organ-grinder. The oil market is the dancing monkey.

However, there are still no storms brewing in the Gulf of Mexico thanks to that Bermuda High that is keeping a lid on things. So, maybe oil could get back under $70 ... if we're damned lucky. Because that would be the best buying opportunity we'll likely see for a long, long time.

Keeping things in perspective, the Iranians are years, if not decades, away from developing nuclear weapons. Keep a cool head and a cold heart as we invest in hot commodities.

Check out my new gold and energy blog at MoneyAndMarkets.com