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

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From: Andeveron	7/17/2008 7:31:23 PM
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Oil's going way below $100/bbl. I'm targeting $60 by 2009 and probably all the way back to $15 by 2011. I've seen the top and the exodus has already begun. Sure, there'll be buying spikes along the way towards the nadir because as they say, "If I loved it at $150, I'm doubly lovin' it at $95!" However, that's dumb money talking. Dumb money buys when the party is over and all of the punch has been drunk. I define dumb money as the rubes who turn out the lights... after everyone else is gone. No vitriol needed. Just bookmark this post and revisit it in 2009. I think September should do it. After that, revisit it again in 2011. Again, I'm thinking September of that year for $15. The chart for crude will be a jagged one as we slope downwards but it will be a crushing experience for holders. The kind that knocks the breath out of you. Where will crude go after it drops to $15/bbl? It'll flatline for years before the next bull run begins. That's the funny thing about markets. They go up. They go down. We're going down.

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