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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 393.24

+1.1%

Dec 11 4:00 PM EST

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To: Elroy Jetson who wrote (1445)	10/22/2005 7:17:06 PM
From: Seeker of Truth	Read Replies (1) of 218461

Hello Good man Jetson, I don't know anybody who thinks that Bush will stop the war that he started in Iraq. So it will continue for at least his term in office, i.e. 3 years and 2 months longer. Also, in that time period the US dollar will sink further, on account of the deficit due to the Iraq spending and overly low taxes. I believe it's conservative to say that USD 35 in Jan. 2009 will have the same purchasing power as USD 27 right now. So if we add some depletion of cheap oil, maybe $40 would be a floor price for investment purchases then. Presumably oil in the market would be selling for substantially above that, in order for $40 to be a floor, say $57? In addition we don't know if the war will end so promptly on inauguration day in 2009. So I understand from your excellent points that energy should be sold some time but we have to carefully consider the exact time. With much thanks, Seeker of Truth PS. I sought and found this time.

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