Oil is looking real tasty

[stockstradr]

I think it very possible oil could go lower.

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.

Don’t forgot the long view: Oil will likely be 200/bbl within five years.

Starting today, I am dollar-cost-averaging back into gold. This time I’m trying some leverage: started today with 3%-of-portfolio nibble on “UGL” (PROSHARES TR II PROSHARES ULTRA GOLD)

You see, I’m not sure we’ll see $700/ounce again. I think we will but I’m not sure.

[peterb]

You may want to take a close look at some of the better gold mining companies that are producing gold right now. As gold holds and other expenses keep dropping, mining gets very profitable. And gold is now behaving far more like money than just another commodity. It’s relative strength has been second only to the US$ and the JPY in the last 2 months. And the gold miners have been beaten into the cellar in this last sell-off. Look at Homestake mining for confirmation from 1929 to 1939.

[peterb]

You may want to take a close look at some of the better gold mining companies that are producing gold right now. As gold holds and other expenses keep dropping, mining gets very profitable. And gold is now behaving far more like money than just another commodity. It’s relative strength has been second only to the US$ and the JPY in the last 2 months. And the gold miners have been beaten into the cellar in this last sell-off. Look at Homestake mining for confirmation from 1929 to 1939.

[peterb]

You may want to take a close look at some of the better gold mining companies that are producing gold right now. As gold holds and other expenses keep dropping, mining gets very profitable. And gold is now behaving far more like money than just another commodity. It’s relative strength has been second only to the US$ and the JPY in the last 2 months. And the gold miners have been beaten into the cellar in this last sell-off. Look at Homestake mining for confirmation from 1929 to 1939.

[peterb]

You may want to take a close look at some of the better gold mining companies that are producing gold right now. As gold holds and other expenses keep dropping, mining gets very profitable. And gold is now behaving far more like money than just another commodity. It’s relative strength has been second only to the US$ and the JPY in the last 2 months. And the gold miners have been beaten into the cellar in this last sell-off. Look at Homestake mining for confirmation from 1929 to 1939.

[peterb]

You may want to take a close look at some of the better gold mining companies that are producing gold right now. As gold holds and other expenses keep dropping, mining gets very profitable. And gold is now behaving far more like money than just another commodity. It’s relative strength has been second only to the US$ and the JPY in the last 2 months. And the gold miners have been beaten into the cellar in this last sell-off. Look at Homestake mining for confirmation from 1929 to 1939.

[WaitingToExhale]

[quote=lostcat92120]I heard on the KPBS this AM that oil will drop to around $25 a barrel by the end of next year. This was based on a merril lynch study.
[/quote]

Don’t forget, a mere six months ago all the news was that oil was going to continue going up, gas was going to $5/gallon the the end of last summer, and we’d reached peak oil. I have stopped believing in extremes (except as a response to an extreme: i.e., the housing drop as a response to the absurd bubble).

[WaitingToExhale]

[quote=lostcat92120]I heard on the KPBS this AM that oil will drop to around $25 a barrel by the end of next year. This was based on a merril lynch study.
[/quote]

Don’t forget, a mere six months ago all the news was that oil was going to continue going up, gas was going to $5/gallon the the end of last summer, and we’d reached peak oil. I have stopped believing in extremes (except as a response to an extreme: i.e., the housing drop as a response to the absurd bubble).

[WaitingToExhale]

[quote=lostcat92120]I heard on the KPBS this AM that oil will drop to around $25 a barrel by the end of next year. This was based on a merril lynch study.
[/quote]

Don’t forget, a mere six months ago all the news was that oil was going to continue going up, gas was going to $5/gallon the the end of last summer, and we’d reached peak oil. I have stopped believing in extremes (except as a response to an extreme: i.e., the housing drop as a response to the absurd bubble).

[WaitingToExhale]

[quote=lostcat92120]I heard on the KPBS this AM that oil will drop to around $25 a barrel by the end of next year. This was based on a merril lynch study.
[/quote]

Don’t forget, a mere six months ago all the news was that oil was going to continue going up, gas was going to $5/gallon the the end of last summer, and we’d reached peak oil. I have stopped believing in extremes (except as a response to an extreme: i.e., the housing drop as a response to the absurd bubble).

[WaitingToExhale]

[quote=lostcat92120]I heard on the KPBS this AM that oil will drop to around $25 a barrel by the end of next year. This was based on a merril lynch study.
[/quote]

Don’t forget, a mere six months ago all the news was that oil was going to continue going up, gas was going to $5/gallon the the end of last summer, and we’d reached peak oil. I have stopped believing in extremes (except as a response to an extreme: i.e., the housing drop as a response to the absurd bubble).

[kewp]

[quote=sdrealtor]$1.69 @ costco? I paid 1.75 there and was doing cartwheels in the parking lot. I’ve still got half a tank and I’m heading over to fill up. Its full filling your tank for less than $20 again!!![/quote]

No doubt!

I remember about 15 years ago filling up for 87 cents a gallon at an independent station in New Jersey. I figured I would never see that price again in my lifetime.

Now, who knows.

[kewp]

[quote=sdrealtor]$1.69 @ costco? I paid 1.75 there and was doing cartwheels in the parking lot. I’ve still got half a tank and I’m heading over to fill up. Its full filling your tank for less than $20 again!!![/quote]

No doubt!

I remember about 15 years ago filling up for 87 cents a gallon at an independent station in New Jersey. I figured I would never see that price again in my lifetime.

Now, who knows.

[kewp]

[quote=sdrealtor]$1.69 @ costco? I paid 1.75 there and was doing cartwheels in the parking lot. I’ve still got half a tank and I’m heading over to fill up. Its full filling your tank for less than $20 again!!![/quote]

No doubt!

I remember about 15 years ago filling up for 87 cents a gallon at an independent station in New Jersey. I figured I would never see that price again in my lifetime.

Now, who knows.

[kewp]

[quote=sdrealtor]$1.69 @ costco? I paid 1.75 there and was doing cartwheels in the parking lot. I’ve still got half a tank and I’m heading over to fill up. Its full filling your tank for less than $20 again!!![/quote]

No doubt!

I remember about 15 years ago filling up for 87 cents a gallon at an independent station in New Jersey. I figured I would never see that price again in my lifetime.

Now, who knows.

[Author]

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