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

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From: Ed Ajootian	2/20/2008 11:25:07 PM
	of 206281

"Super spike period may be upon us: Sector attractive. We believe oil markets may have entered the early stages of a “super spike” period, which we now think can drive oil prices toward $105/bbl. We see as much as 80% upside to super-spike peak values and reiterate our Attractive coverage view." Quick, guess when the above was written and by whom. Answer: 3/30/05, by Goldman Sachs. When oil was in the $40 range and had yet to ever eclipse $55. Its instructive to look at what they said almost 3 years ago, a lot of it still has signficance. The now famous report which made that call is still up on finance.groups.yahoo.com . I remember when that came out, how I figured that $100 oil was just silly to even think about, that I would probably never see that price in my lifetime. Less than 3 year's later, the price is not spiking to $100, its actually consolidating at that point.

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