Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (34135)	8/4/2004 3:07:50 PM
From: jim_p	Read Replies (1) \| Respond to of 206281

T, I suspect the uncertainty of Venezuela is built into the price of oil. With oil hitting a new all time high today and the OSX off more than 2% you have to wonder why?? My guess is the institutional players still believe in cycles and you sell when prices are high and buy when the prices are low. The only question is timing; greed vs. fear. How high is high and how long will it stay high?? The oil markets are tighter than we have seen in many many years, but most realize that if we don't/can't lower prices with increased supply, we will eventually get lower prices with lower demand/recession and the market is looking forward. At some price it becomes a lose lose proposition for oil investors. The only question is at what price in today's economy?? My guess is $45-50.00 will do it. JMHO, Jim