I can tell you something better: oil can fall to the 20's in 2015. It's plausible. 40 $ is near and some analysts say 20 $ can't be excluded.
Its a week later, I added to my stack, reduced my cash exposure, spot is up a few cents and I survived Christmas. All in all, nothing much changed.
If oil goes further down, it's possible that silver and gold will suffer another crash. This is a terribly deflationary environment. I expect gold to go lower in 2015. At least until the end of summer it should dip lower. Perhaps sub-1,000 $?
Agree... unless there is some shock which is becoming increasingly likely (I think). This was my thought back in April and nothing has changed: Heading into long-term economic malaise, stagnant gold/silver prices?
Funny deflation - in food prices, insurance, health care, fine art, stocks, bonds, real estate ?? not there ? I think the term disinflation is a better explanation of events. That is what we expected until this impacts the financial markets and the banks. Then things change. Smart money is already starting to buy oil and energy so talk of $40 or $20 oil is just what they want to hear so the chicken hearts get out and then to their horror see the price move up again. How many times must we see this game play out ?? Yet the geniuses are fooled each and every time. No oil will not drop to $20 and gold will not drop to $850 as predicted this year by the Goldman Sachs. What will drop and continue dropping is the buying power of our fiat currency.
One thing they've learned is good propaganda techniques. Check out shadowstats.com for confirmation. All eyes on the Yuan / Ruble this week and what paradigm that relationship introduces to the jigsaw puzzle. Anti-war demonstrations in Russia. Right wing movement gathering steam in Greece for another kick at the Euro. Record gold price in 2016 and $5-7k by 2018. "With forecasts it is little to do with predicting the market, but more about marketing the predictions" - someone clever
Lets check the SOR and flip. Now when I stack oil, what are the dimensions of the barrel? Does the barrel come free of charge? If not, I should buy a cube barrel for easy stacking, or perhaps a barrel along the lines of the 10oz stacker bar.
Oils pre steady decline is not part of the OP's original wait and see . Soooooo if gold goes sub $1000 Silver = $12 $10 $7 ??? per OZ.
