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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (7831)	5/11/2007 10:59:59 AM
From: Jon Koplik	Read Replies (2) \| Respond to of 33421

I still think oil should go to $10.00 per barrel (as it did several times in the past 25 or so years, after hitting (I was told) $50.00 a barrel for W.T.I. some time around the 1979 - 1980 period (another "we're all going to get rich being "long only" commodities" - period.) But now, the influence of Goldman Sachs (and people such as Jimmy Rogers) is so profound and overwhelming, that it may take quite a few years of people continuously losing money being "long only" commodities before prices can go to where "real" supply and demand would predict as being "correct." Jon.