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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: gregor_us	10/15/2008 11:19:59 AM
	5 Recommendations Read Replies (3) of 206254

Given that there is global chaos in the financial markets, and we have stories of shippers being unable to ship because of problems with credit, I am not completely amazed to see oil get pulled down to 75.00. Though, I will admit I thought 90.00 was the low during this financial event. Interestingly, not that I think it matters at all, but, oil at 75.00 brings it down to the 200 Week MA, just like 50.00 dollar oil did in January 2007. stockcharts.com Oil below 80.00 is going to do some terrible things to supply, imo. It's also going to weaken coal prices, which will have a negative effect on Alternative Energy economic models. It will make the economics very undependable. Some of my thoughts here in Dismal World of Coal: gregor.us G

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