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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.51+1.2%Nov 5 4:00 PM EST
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To: Amelia Carhartt who wrote (100876)6/2/2013 3:56:57 PM
From: bart13  Read Replies (3) of 217546
 
Very much so on a drop and then head much higher on the long term. Oil has averaged 7%+/year since the 1970s and it's not different this time, as in Peak Cheap Oil being alive & well. My long term initial target, since 2006, is a minimum of $250.

I think the bottom this time will be in the low 60s, with a possible spec spike down as low as $50 based on the trend line.

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