2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

GLD 371.65

-1.1%

Nov 17 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TobagoJack who wrote (33692)	4/23/2008 11:16:49 AM
From: carranza2	Read Replies (1) of 217840

The aggies look like a bubble to me, one that could burst precipitously. Trend is still very bullish for those with a seriously long term horizon. I am adding SRS on weakness. Gold correcting substantially in the future but that's OK as the multi-year prospects are very good. Note and note and note again that the Saudi oil minister yesterday stated that there are capacity issues all along the supply chain, i.e., including the Kingdom. Even Russia's spare capacity, which some smart folks thought would have the ability to dictate price, isn't what it was cracked up to be. Mexico's Cantarell field is gasping its last breaths. Norway down. UK down. Peak oil has been here. Only question is this: will higher price due to supply restrictions continue indefinitely even in the face of recession? Will demand destruction, in other words, be enough to tank the price when supply is itself restricted? Answer that question correctly and you make a fortune. And the answer is.... Maybe. It is indeed possible that the recession will not be quite as bad as previously thought, in which case oil is the next opportunity. In any event, there is no way that substitution efforts will be sufficient by the 2009-2011 time frame to make a difference. We are looking at $200 oil in the next couple of years. But if the Dems get the Presidency, we'll see excess profits taxes like we had before.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next