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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST
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To: Lazarus_Long who wrote (32419)4/6/2008 2:44:46 PM
From: Maurice Winn  Read Replies (1) of 217802
 
If commodities collapse in price, with oil going to $20 a barrel, a lot of people would be very happy about that. They would mostly be people buying it. The sellers, such as OPEC, BP, Shell, Exxon, Russia, would be less pleased.

If gold goes to $300 an ounce I'll be happy. If coffee prices decline, I won't mind. If coal and steel are cheaper, all to the good.

<The commodities bubble appears to be deflating too. That can hit lots of countries- -including ours. >

Mqurice
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