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


To: Archie Meeties who wrote (123429)8/20/2009 8:21:49 AM
From: CommanderCricket1 Recommendation  Read Replies (1) | Respond to of 206177
 
"CC, I've taken the other side of your bullishness."

Well someone has to be buying my puts - LOL

IMO world demand doesn't need to meaningfully grow anymore and supply can't meet the growing demand anyway.

The Saudi's and few others have some spare capacity left but 5% plus worldwide depletion is eating into it very quickly. Every month on average 300k - 400k bbls/day gone to depletion.

2010 is crunch time

Short term who knows what crude will do but longer term, the trend is higher until we crash, then higher highs.

CC