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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Crimson Ghost who wrote (113698)11/18/2008 2:37:06 PM
From: Andeveron3 Recommendations  Read Replies (5) of 206145
 
Not wishing for it but the price trajectory has been pinned on oil and it's going all the way back to the lows of the early 90's when a barrel of crude could be had for $10. Maybe we'll overshoot this time around and settle around $8/bbl if not lower.

The world is heading for a Great Depression regardless of what Paulson and crew and the governments of the world are trying to stave off. Not just a regular recession but a true Great Depression that will be studied by scholars and academics in future generations. This time around, everyone on the planet will be affected by it. We're living through pivotal history and revolutionary times and the scale of it will be realized soon.

Human civilization will be changed forever in the next few years and life as we knew it is finished. I figure by the summer of 2009, people will be reminiscing about the good old days when the DOW was at the lofty levels of 8000. I'm targeting DOW 1500 by the time this once-in-a-lifetime crash wave has run its course and SPX 180 at the ultimate lows of 2011-2012.

By then, I'd expect base survival to be more on the minds of normal citizens than speculating on oil, stocks, or bonds. The operative phrase for the next few years, in my opinion, is "global devolution" that'll take us back a couple of decades.

OIl is moving with the market and the economy.

If oil drops to $15 the Dow will plunge well under 5000 and the world will be in a depression as bad as the 1930s.

Be careful what you wish for.
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