Joan, you have to take into account the possibility of an oil disruption. What are the odds? What's the probability on a scale of 1 to 10? BTW, this thread isn't just about oil, nor is it a just about gold... It's about "Market Trends and Strategies," right now the trend is pointing upward in the PM sector.
Gold, silver -- then oil
Regards
Frank "oilbug" Pembleton
excerpt from the Daily Reckoning:
*** John Myers pointed out last week that during the Yom
Kippur War in 1972, oil surged from $3 to $12 a barrel,
a 4-fold increase; during the Iranian Revolution (1978),
oil doubled from $12 to $24; and in both the Iran/Iraq
War (1980) and the Iraqi invasion of Kuwait (1990), the
price of oil rose from around $20 to $35.
*** "In each of these cases," says John, "investors that
caught the move early...did very well for themselves."
*** But that doesn't mean you have to invest in
companies in the region. In fact, as an alternative Mr.
Myers is recommending companies working the vast
Athabasca Oil Sand region in Canada - a total area
covering more than 26,000 square miles (roughly twice
the size of Virginia). "Within this unconventional oil
deposit rests more than 300 billion barrels of oil..."
says Myers. "And the best part? It's 7,000 miles from
the Mideast." |
