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Strategies & Market Trends : Longer-Term Market Trends
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To: AllansAlias who wrote (234)4/10/2008 1:26:44 PM
From: skinowski  Read Replies (1) of 3209
 
OT -- gold-heads are jumping over themselves to point out all the support and to talk about all the systemic risk we face

My personal favorite is the argument about Oil - that the "real" price "should" be much lower - $50 or whatever - and that the market price is due to "hot" money investing in the commodity.

Is the price of oil in a bubble? May be, maybe not - but we are talking about a vital commodity the producers of which are very secretive WTR to their reserves - and the demand for which is growing rapidly. Moreover, last I read - don't remember where - that fund managers are still underweight the sector. Fear and scepticism are very intense - in the face of the price which keeps making new highs.

Time will come to short oil and energies, but it hasn't arrived yet, I think. I'd like to see CNBC talking heads to start advising members of the public to tuck away a contract or two... :)
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