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


To: Sam who wrote (187533)12/31/2014 9:10:37 AM
From: Bearcatbob  Read Replies (1) | Respond to of 206085
 
You are right Sam - and your comment made me smile. However, I do not recommend anyone take my pessimism as a buyable indicator.

Yes - the cure for low prices is low prices - but there is still a wave of new US production coming - particularly from the GOM. /My personal suspicion is that the low price cure will be some deal between Saudi, Russia and Iran. There is a lot of pain out there for producing nations. I am surprised the media has not had something to say about the reduced transfer of funds to the 3rd world - ie the rich northern countries are getting richer. It will be interesting to watch what happens to Vz.

Bob