Art... just gimme a sec and lemme polish my crystal ball...
Ok, here we go:
stockcharts.com[h,a]dboaynay[dc][pb50!b200!d20,2!f][iuh14,3!le12,26,9][j10122038,y]
See spot run? We're likely to run out of resistance here shortly with oil moving towards an all time high -- I can see it spiking at the $50+ level which in turn will have the Americans in full invasion mode. Once that happens, the war will last less than a 100 hours-- and we'll see full capitulation from Iraq.
At that point we'll find out that the war premium is only about $18 (due to inventory levels) and oil settles in the low $30 range.
This will absolutely kill the U.S. economy.
In other words, I'm saying is that there's a huge swing trade in the making...if you're not a trader maintain your positions -- you'll suffer some short term pain but you'll eventually see gold move to new highs but this time it will be led by silver. For the traders-- just keep reading this thread, we're not perma anything around here.
investmentrarities.com
As for the markets? New lows before the end of the summer-- period, end of fantasy.
Regards,
Frank P. |
