However, for any investment there is a value point where you start dollar-cost averaging into a long position, because the price is already so low. It if continues to go lower, you just keep buying more and more.”
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Yup.
I don’t know about $200 barrels in 5 years – maybe – but I feel pretty good about $75 barrels in 3 years. That’s an easy 2 bagger from here and a potential 3 bagger if we do in fact keep sliding to $25 barrels. Even more if you juice it with Proshares.
And yes, gold sure does look tempting in the $700 oz range, doesn’t it?
