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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Bearcatbob who wrote (42028)4/15/2005 9:01:08 PM
From: Tommaso  Read Replies (2) of 206326
 
>>>a stable price<<<

I don't think there has been a stable price for 35 years. It may be that a clear perception of vanishing supply will impose a more stable (and very high) price, as a clear perception of excess supply led to a pretty stable (and very low)price 1945-1970.

I have been around long enough to remember a gasoline price war in New Jersey that led to gasoline being sold for less than 20 cents a gallon. But 85 cents a gallon only a few years ago was hardly less astonishing.
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