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

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To: CommanderCricket who wrote (114556)	12/4/2008 2:39:53 PM
From: gregor_us	10 Recommendations Read Replies (4) of 206342

The problem now is that this price at 44.00 is sending out a serious warning, imo, that some of the worst-case risks to global growth/recession are now in play. In other words, a huge move lower in global industrialism needs to keep playing out to get oil down to and to stay at these levels. So, at some point fairly soon here global equities may run into renewed trouble on that theme. gregor.us The outcomes that I see now for 2009 are as follows. 1. Oil at 44 in DEC 2008 is a brief moment like oil at 50.00 was in January 2007, and it will create it's own momentum upward in 2009 as the global money flood of monetary and fiscal stimulus takes hold. 2. Oil at 44 in DEC 2008 is a warning that it could go much lower not so much because of oil supply but because of a much more serious global recession that tilts towards a worst-case, Dickensian period. G

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