The Swamp Message Board - Msg: 24826431

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Strategies & Market Trends : The Swamp

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To: SwampDogg who wrote (300)	8/6/2008 6:36:19 PM
From: ItsAllCyclical	Read Replies (1) of 491

>> IMO no way that CRB goes down or sideways for a few years << I don't see how you can make that call and still be forecasting 80 oil. There's been quite a bit of demand destruction already in the US and this recession is potentially only 1/3 thru w/the worst part to come. Who would have thought the juniors would be at these levels w/gold at 1000+ and 900 currently? Expect the unexpected in this market. Copper is sitting at multi-year support currently. Another .20 down wouldn't take much, but could cause a test of the mid 2's again. Again just a TA call. I think the world picture will look quite a bit different 6-9 months from now. Just like the US the question will not be whether or not the world is going into recession it'll be how deep and how long.

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