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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (42035)12/18/2012 12:46:35 PM
From: Keith Feral  Read Replies (1) | Respond to of 223861
 
Gold follows oil prices, of that I'm convinced. I see the most likely thing for oil prices is heading down the bell curve. It climbed from $45, $65, $85, and peaked around $110 the past 3 years. Now, it's back down to $85 this year. I think $65 next year will be the second descent for WTI and Brent comes back to $90.

Prices will return to the marginal cost of production as US production growth alleviates supply bottlenecks in 2013.


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