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Strategies & Market Trends : The Swamp

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To: ItsAllCyclical who wrote (303)	8/6/2008 6:57:00 PM
From: SwampDogg	Read Replies (1) of 491

Copper could very well see the mid $2s again but it would still see new ATHs in mid 2009. Oil would see $80-$100 and then move towards $200 in 2009. This is the IT bearish read. The bullish read is that oil is missing a high and oil and gold are going to rip in the coming weeks. Lower oil prices are good for gold producers and indirectly good for the gold price as it allows the Fed to run a looser monetary policy. This is just near term noise. Don't forget that one of the biggest runs in PMs was during an oil bear market from 2001-03. One must look at these market separately IMO. Sometimes they run opposite.

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