Iran agreeing to limits below pre-sanction levels is as likely as the Eagles winning the Super Bowl.
The OPEC agreement puts a floor under oil I don't think will ever again be breached.
The supposed OPEC deal is just a desperate action to stop oil prices from collapsing again.
Who will cut production? When will it be cut? Will non-OPEC producers react with higher output?
Price of gold should benefit more from 'crisis' at Deutsche Bank.
The various economic narratives are universally positive for gold.
In the absence of an agreement to cut production, expect oil prices to fall.

Novice Trade: SPDR Gold Shares Real Money Pro($)

It is sitting at 2-year lows and a level that it has bounced off many a time.
Oil is the biggest beneficiary of Fed inaction and the subsequent dollar weakness.
This tool is pointing more toward natural gas stocks than oil stocks.


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