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


To: Bearcatbob who wrote (187530)12/31/2014 8:54:58 AM
From: Sam1 Recommendation

Recommended By
Brian Sullivan

  Read Replies (1) | Respond to of 206085
 
With the mess the industry is in I have no enthusiasm for doing it again this year.

Bob, think of it this way--that is as close to "ringing a bell at the bottom" as you are going to get.

I am certainly not saying it will turn around next week, but it is so easy to forget at times like this that the cure for low prices is low prices. Just as the cure for high prices is high prices. Remember back in '08 I think it was when prices were going to $200? There was so much certainty about it, so many forecasts for it back then....



To: Bearcatbob who wrote (187530)1/1/2015 3:19:50 PM
From: Brumar89  Read Replies (1) | Respond to of 206085
 
If anyone wants to take a shot at the low oil price for the year I will track that.

I call $30.



To: Bearcatbob who wrote (187530)1/1/2015 3:28:53 PM
From: steve harris  Read Replies (1) | Respond to of 206085
 
Price $110



To: Bearcatbob who wrote (187530)1/1/2015 9:38:31 PM
From: Bearcatbob  Read Replies (2) | Respond to of 206085
 
I will go with a low price of $45.50.



To: Bearcatbob who wrote (187530)1/1/2015 9:45:53 PM
From: Keith J  Read Replies (1) | Respond to of 206085
 
Uh Bob, could you clarify what oil we're talking about? WTI? Brent? Some other grade? (I know prices are already around $40 for some grades) Spot or futures?

KJ