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

To: isopatch who wrote (187601)	1/1/2015 11:22:15 PM
From: Elroy Jetson	1 Recommendation Recommended By Sam Read Replies (2) \| Respond to of 206085

Although the current price of oil is probably very close to its bottom, the ultimate low-price may not occur for years. I simply don't anticipate the quick price recovery so many seem to assume is just around the corner. There's a lot of reasons why oil could lose share in the energy market. Look at this chart with an initial low-price in 1985, which was later exceeded by a lower-low in 1998, twelve years later!. An investment which is dead money for thirteen years, and whose dividends may vanish in the interim, is not terrific.