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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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Secret_Agent_Man
To: Maurice Winn who wrote (156769)4/20/2020 10:24:15 AM
From: carranza22 Recommendations  Read Replies (4) of 217588
 
Unlike gold, oil’s value derives from its usefulness as a producer of energy, etc.

If there is little demand, a good supply of it is sitting idle in ships, the prospects for its use are dim, and the idiots continue to pump, it is overpriced at $11 because it’s present usefulness is very low.

I suspect that it will go into mid-single digits.
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