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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: axial who wrote (21840)	8/6/2009 11:12:41 AM
From: gregor_us	1 Recommendation Read Replies (2) \| Respond to of 71479

I don't care that much about price. I regard price as a distraction. But to clariify this statement, I will give you further detail on my view: generally, the spot price of oil can travel far, far away from the fundamentals for a period of up 90 days. After 90 days, gravitational pull to fundamentals will ensue. There are no fundamentals that will drive the price of oil this week, per se. Using my 90 day timeframe, pull up a chart of oil and think about the period that led up to and through 147, and also to and through 34 this winter. Cheers, G