Home › Forums › Financial Markets/Economics › In the Beginning was the word, and the word is GOLD!
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October 22, 2008 at 9:13 AM #291470October 22, 2008 at 9:26 AM #291093ArrayaParticipant
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October 22, 2008 at 9:26 AM #291408ArrayaParticipant.
October 22, 2008 at 9:26 AM #291442ArrayaParticipant.
October 22, 2008 at 9:26 AM #291448ArrayaParticipant.
October 22, 2008 at 9:26 AM #291485ArrayaParticipant.
October 22, 2008 at 9:26 AM #291098ArrayaParticipantOil is a tricky topic because instincts telling me (GUESSING here) that while oil will get a pop from the OPEC production cut, additional demand destruction will pull prices down further, probably even below $60/bbl during this economic recession/depression. However, I’m not willing to put off oil stock purchases hoping for that price level.
$60 dollar oil means civl unrest in many of the petrostates. They will respond. Say hello to economic warfare.
October 22, 2008 at 9:26 AM #291412ArrayaParticipantOil is a tricky topic because instincts telling me (GUESSING here) that while oil will get a pop from the OPEC production cut, additional demand destruction will pull prices down further, probably even below $60/bbl during this economic recession/depression. However, I’m not willing to put off oil stock purchases hoping for that price level.
$60 dollar oil means civl unrest in many of the petrostates. They will respond. Say hello to economic warfare.
October 22, 2008 at 9:26 AM #291447ArrayaParticipantOil is a tricky topic because instincts telling me (GUESSING here) that while oil will get a pop from the OPEC production cut, additional demand destruction will pull prices down further, probably even below $60/bbl during this economic recession/depression. However, I’m not willing to put off oil stock purchases hoping for that price level.
$60 dollar oil means civl unrest in many of the petrostates. They will respond. Say hello to economic warfare.
October 22, 2008 at 9:26 AM #291453ArrayaParticipantOil is a tricky topic because instincts telling me (GUESSING here) that while oil will get a pop from the OPEC production cut, additional demand destruction will pull prices down further, probably even below $60/bbl during this economic recession/depression. However, I’m not willing to put off oil stock purchases hoping for that price level.
$60 dollar oil means civl unrest in many of the petrostates. They will respond. Say hello to economic warfare.
October 22, 2008 at 9:26 AM #291490ArrayaParticipantOil is a tricky topic because instincts telling me (GUESSING here) that while oil will get a pop from the OPEC production cut, additional demand destruction will pull prices down further, probably even below $60/bbl during this economic recession/depression. However, I’m not willing to put off oil stock purchases hoping for that price level.
$60 dollar oil means civl unrest in many of the petrostates. They will respond. Say hello to economic warfare.
October 22, 2008 at 2:35 PM #291176EugeneParticipantTouched 720 today. Platinum is at 843. Most of it is strengthening dollar.
This dollar rally is amazing and inexplicable to me.
I was thinking about getting into gold at this point, but now it’s starting to look like a sustained bear market rather than a blip. And there’s no end in sight for this bear market. Oil companies, maybe. Gold … too afraid.
[quote]$60 dollar oil means civl unrest in many of the petrostates. They will respond. Say hello to economic warfare.[/quote]
No. Persian gulf countries will be fine. Canada will be fine (guess where we import most of our oil!) Nigeria and Russia will be shaken up, but they can’t really do anything.
http://themessthatgreenspanmade.blogspot.com/2008/10/whither-tar-sands.html
“Every decade or 15 years or so, the Saudis drop the price of oil to where the economic impact wipes out most of the projects in the world that could lead to an alternative for oil. Then, after the projects get canceled, the Saudis let the oil price drift back up.”
On one hand, $60 oil certainly does cut into Saudi profits. On the other hand, they were quite happy with $20 and $30 oil during the 90’s. They save more in the long run by making sure that Volt and plug-in Prius and the likes are dead.
By that logic, oil prices should stay low for 2-3 years. In the mean time, Toyota will bring its plug-in Prius to the market and fail to attract buyers, Volt will fail too (unless GM goes bankrupt first).
October 22, 2008 at 2:35 PM #291494EugeneParticipantTouched 720 today. Platinum is at 843. Most of it is strengthening dollar.
This dollar rally is amazing and inexplicable to me.
I was thinking about getting into gold at this point, but now it’s starting to look like a sustained bear market rather than a blip. And there’s no end in sight for this bear market. Oil companies, maybe. Gold … too afraid.
[quote]$60 dollar oil means civl unrest in many of the petrostates. They will respond. Say hello to economic warfare.[/quote]
No. Persian gulf countries will be fine. Canada will be fine (guess where we import most of our oil!) Nigeria and Russia will be shaken up, but they can’t really do anything.
http://themessthatgreenspanmade.blogspot.com/2008/10/whither-tar-sands.html
“Every decade or 15 years or so, the Saudis drop the price of oil to where the economic impact wipes out most of the projects in the world that could lead to an alternative for oil. Then, after the projects get canceled, the Saudis let the oil price drift back up.”
On one hand, $60 oil certainly does cut into Saudi profits. On the other hand, they were quite happy with $20 and $30 oil during the 90’s. They save more in the long run by making sure that Volt and plug-in Prius and the likes are dead.
By that logic, oil prices should stay low for 2-3 years. In the mean time, Toyota will bring its plug-in Prius to the market and fail to attract buyers, Volt will fail too (unless GM goes bankrupt first).
October 22, 2008 at 2:35 PM #291528EugeneParticipantTouched 720 today. Platinum is at 843. Most of it is strengthening dollar.
This dollar rally is amazing and inexplicable to me.
I was thinking about getting into gold at this point, but now it’s starting to look like a sustained bear market rather than a blip. And there’s no end in sight for this bear market. Oil companies, maybe. Gold … too afraid.
[quote]$60 dollar oil means civl unrest in many of the petrostates. They will respond. Say hello to economic warfare.[/quote]
No. Persian gulf countries will be fine. Canada will be fine (guess where we import most of our oil!) Nigeria and Russia will be shaken up, but they can’t really do anything.
http://themessthatgreenspanmade.blogspot.com/2008/10/whither-tar-sands.html
“Every decade or 15 years or so, the Saudis drop the price of oil to where the economic impact wipes out most of the projects in the world that could lead to an alternative for oil. Then, after the projects get canceled, the Saudis let the oil price drift back up.”
On one hand, $60 oil certainly does cut into Saudi profits. On the other hand, they were quite happy with $20 and $30 oil during the 90’s. They save more in the long run by making sure that Volt and plug-in Prius and the likes are dead.
By that logic, oil prices should stay low for 2-3 years. In the mean time, Toyota will bring its plug-in Prius to the market and fail to attract buyers, Volt will fail too (unless GM goes bankrupt first).
October 22, 2008 at 2:35 PM #291532EugeneParticipantTouched 720 today. Platinum is at 843. Most of it is strengthening dollar.
This dollar rally is amazing and inexplicable to me.
I was thinking about getting into gold at this point, but now it’s starting to look like a sustained bear market rather than a blip. And there’s no end in sight for this bear market. Oil companies, maybe. Gold … too afraid.
[quote]$60 dollar oil means civl unrest in many of the petrostates. They will respond. Say hello to economic warfare.[/quote]
No. Persian gulf countries will be fine. Canada will be fine (guess where we import most of our oil!) Nigeria and Russia will be shaken up, but they can’t really do anything.
http://themessthatgreenspanmade.blogspot.com/2008/10/whither-tar-sands.html
“Every decade or 15 years or so, the Saudis drop the price of oil to where the economic impact wipes out most of the projects in the world that could lead to an alternative for oil. Then, after the projects get canceled, the Saudis let the oil price drift back up.”
On one hand, $60 oil certainly does cut into Saudi profits. On the other hand, they were quite happy with $20 and $30 oil during the 90’s. They save more in the long run by making sure that Volt and plug-in Prius and the likes are dead.
By that logic, oil prices should stay low for 2-3 years. In the mean time, Toyota will bring its plug-in Prius to the market and fail to attract buyers, Volt will fail too (unless GM goes bankrupt first).
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