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

To: CommanderCricket who wrote (121462)	6/8/2009 12:13:22 PM
From: JimisJim	Respond to of 206126

CC: while I agree that the long term trend is up, it will be a very volatile up... i.e., like moving from the end of a hand saw toward the handle, you end up higher but with a lot of significant dips along the way. I keep remembering some slides I saw presented to major oilers and OSX players that basically said as we get further and further into S/D where the margin of difference is thin (as in the 3 years of max production prior to the bust), that the price of oil (POO) will be increasingly volatile with wider price swings and more frequent, shorter duration POO rallies and busts and with some swings taking price ridiculously high and others taking POO ridiculously low and neither extreme lasting as long as they might have pre-2005... still with an overall bias to the upside, but anything but a straight line or painless POO climb with sharp corrections after each top. There were a lot of explanations given for this prediction, but it basically boils down to the effect of achieving near max/peak production and its interaction with S/D. It is possible that both you and Greenlaw are right ST and LT respectively. Jim