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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: isopatch who wrote (187601)1/1/2015 11:22:15 PM
From: Elroy Jetson1 Recommendation

Recommended By
Sam

  Read Replies (2) of 206085
 
Although the current price of oil is probably very close to its bottom, the ultimate low-price may not occur for years.

I simply don't anticipate the quick price recovery so many seem to assume is just around the corner. There's a lot of reasons why oil could lose share in the energy market.

Look at this chart with an initial low-price in 1985, which was later exceeded by a lower-low in 1998, twelve years later!.

An investment which is dead money for thirteen years, and whose dividends may vanish in the interim, is not terrific.
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