I watched the video. Just one point, I heard him say that he gives a 50/50 chance of it dipping below 30, not necessarily 26.
I doubt it will be sub $25 by May, but if it does, the AUD will tank with it. Look at gold in AUD terms in 2008.
& thats why its so much fun to own . For me its not a get rich quick scheme its more of a horse race where theyre all got 3 legs... it doesnt matter who wins they will all be champions
I can't remember where I first saw it, but it was in relation to peak oil and I think it was in a doco I was watching. The theory was that rather than oil price just going straight up, it would more resemble a saw tooth pattern where highs in oil price are followed by a deep dip and recession. It has stuck in my mind and as I've always been expecting another 2008 like event, in the back of my mind I've been looking to oil price to indicate to me when the next 2008 was going to occur. I saw this chart on zerohedge today. Source: zerohedge I would not be at all surprised to see oil continue up past the previous peak before everything tanks like 2008. I see the dow is above 13000 for the first time since 2008, and nasdaq highest in decade. I always try and keep in mind that almost everything we are experiencing in current times is somehow related back to oil.
Same old predictions 6 say up by next week, half a dozen say down. None of you know jack shit so why not find something else to talk about.
