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

To: jonggua who wrote (123441)	8/20/2009 9:52:25 AM
From: CommanderCricket	Respond to of 206151

jong, I agree and making any contracts with a country such as Venezuala defies logic but then again what else is China going to do with dollars? I can see all strategic resources nationalized at some point but we're not there yet.

To: jonggua who wrote (123441)	8/20/2009 9:52:42 AM
From: Salt'n'Peppa	Respond to of 206151

Will oil reach $300 or even $200 in a short burst(1-3 years)? I doubt it. We saw the demand destruction that a few days at $140 caused. Oil was only over $120 for a very short period in 2008. ...and that was when the world was awash in jobs. WTI will undoubtedly bounce between extremes, but I think the ceiling is far short of $300 for the next 10 years, inflation notwithstanding. In the very short term, 1-3 months, I do expect WTI to fall back under $60. Many wise folk are calling for a bit of a US$ rally. JMHO, S&P