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

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To: Dennis Roth who wrote (41125)	3/29/2006 7:53:02 PM
From: Dennis Roth	Read Replies (1) of 206085

Happy Birthday SUPER SPIKE! One year ago Goldman analysists Arjun Murti and Brian Singer made their headline grabbing $105 per bbl *super spike* call. See Message 21185072 for the original call. For awhile, during the huricane disruptions, I thought they might luck out and look like geniuses. but we only got to $71 per bbl. But there's alway this year and we're starting from a higher base. So they may look prescient yet, just a tad early. In all fairness they didn't actually call for $105 per bbl, but a range of $50- $105 per bbl, so with that qualifier, they were right. This was up from thier previous *super spike* range of $50-$80 per bbl which, if they had left in place, they would have been righter. But they wouldn't have grabbed the headlines with a stand pat report. Nothing like $100 plus per bbl to get the press going. But I've been seeing $100 per bbl predictions since 1973. If we live long enough we'll see it and they finally be right. But will it really mean anything 30 years late other than provoking a lot of articles like when the Dow broke 1,000 the first time? Happy Birthday SUPER SPIKE!

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