crude oil down

SilverDJ said:
billybob888 said:
Whos going to buy some oil next week?
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I've already got a bunch and am now in the red, after being up 20% a few months back.
Always temping to buy more at this price, but hard to bring my average down much even at these prices. So I'm not sure.
But anyone who doesn't have oil should really think about getting some, it's seriously low!
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Stuff the 20% (thats rolls of my fingers so easily being it is YOUR money)
Oil will bounce back and your 20% will seem like nothing.
Gold and silver can go down as they are NOT ESSENTIAL to life , OIL IS.
Your money is safe , just bite your lip and soldier on (depending on what form you hold of course).
I can GUARANTEE you oil will bounce back in the future, NOT something i would say for metals in the next few years.
You made a bet and it will certainly pay off, i can not think of a single thing (other than doing the missus) that does not require oil somehow.
Can you?
 
sterling-nz said:
SilverDJ said:
billybob888 said:
Whos going to buy some oil next week?
Click to expand...

I've already got a bunch and am now in the red, after being up 20% a few months back.
Always temping to buy more at this price, but hard to bring my average down much even at these prices. So I'm not sure.
But anyone who doesn't have oil should really think about getting some, it's seriously low!
Click to expand...
Stuff the 20% (thats rolls of my fingers so easily being it is YOUR money)
Oil will bounce back and your 20% will seem like nothing.
Gold and silver can go down as they are NOT ESSENTIAL to life , OIL IS.
Your money is safe , just bite your lip and soldier on (depending on what form you hold of course).
I can GUARANTEE you oil will bounce back in the future, NOT something i would say for metals in the next few years.
You made a bet and it will certainly pay off, i can not think of a single thing (other than doing the missus) that does not require oil somehow.
Can you?
Click to expand...

Oil surplus. Why invest now?
 
-j-p-shmorgan said:
sterling-nz said:
SilverDJ said:
I've already got a bunch and am now in the red, after being up 20% a few months back.
Always temping to buy more at this price, but hard to bring my average down much even at these prices. So I'm not sure.
But anyone who doesn't have oil should really think about getting some, it's seriously low!
Click to expand...
Stuff the 20% (thats rolls of my fingers so easily being it is YOUR money)
Oil will bounce back and your 20% will seem like nothing.
Gold and silver can go down as they are NOT ESSENTIAL to life , OIL IS.
Your money is safe , just bite your lip and soldier on (depending on what form you hold of course).
I can GUARANTEE you oil will bounce back in the future, NOT something i would say for metals in the next few years.
You made a bet and it will certainly pay off, i can not think of a single thing (other than doing the missus) that does not require oil somehow.
Can you?
Click to expand...

Oil surplus. Why invest now?
Click to expand...
Because it will certainly go back up.
Even if it does it $30 (which i personally doubt) the upside is far far greater.
This is not like our gold and silver here JPm , this is the liquid of LIFE.
 
sterling-nz said:
Stuff the 20% (thats rolls of my fingers so easily being it is YOUR money)
Oil will bounce back and your 20% will seem like nothing.
Gold and silver can go down as they are NOT ESSENTIAL to life , OIL IS.
Click to expand...

That is precisely why I'm sitting on a lot of oil and am not worried that it's 10% down on my average buy now. I know it will come back.

Your money is safe , just bite your lip and soldier on (depending on what form you hold of course).
I can GUARANTEE you oil will bounce back in the future, NOT something i would say for metals in the next few years.
You made a bet and it will certainly pay off, i can not think of a single thing (other than doing the missus) that does not require oil somehow.
Can you?
Click to expand...

Correct. We are addicted to it, practically everyone and everything requires it every single day. Most countries have weeks or a few months of best stockpile supplies of it. Wars start over it.
Anyone who doesn't have oil at these low prices is a fool.
The other great thing about oil it that is always moments away from skyrocketing because of a political action, accident, or other panic.
People say that about PM's too, but history has shown that basically never really happens, but it does so regularly as clockwork with oil.
 
-j-p-shmorgan said:
Oil surplus. Why invest now?
Click to expand...

Because it's cheap, and will go back up.
If you don't understand why then you don't understand how the world works and how addicted and reliant upon the stuff we are.
If you are trying to pick the bottom at $30, good luck, that's usually not a good strategy.
 
olifrated said:
So when it reaches the bottom .... who / what companies do you buy ??
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Easiest way to to simply buy the OOO ticker code on the ASX, it's an exchange traded fund that tracks the oil price. It is also hedged against the wild AUD
 
sterling-nz said:
-j-p-shmorgan said:
Oil surplus. Why invest now?
Click to expand...
Because it will certainly go back up.
Even if it does it $30 (which i personally doubt) the upside is far far greater.
This is not like our gold and silver here JPm , this is the liquid of LIFE.
Click to expand...



This is what I don't understand, why oil price ever went down? We were supposed to have past peak oil production (supply/demand) over a decade ago if recall correctly. The is less oil to supply the world but world is using more of it. I think your right, the upside is going to be far far greater.
 
Skyrocket said:
sterling-nz said:
-j-p-shmorgan said:
Oil surplus. Why invest now?
Click to expand...
Because it will certainly go back up.
Even if it does it $30 (which i personally doubt) the upside is far far greater.
This is not like our gold and silver here JPm , this is the liquid of LIFE.
Click to expand...



This is what I don't understand, why oil price ever went down? We were supposed to have past peak oil production (supply/demand) over a decade ago if recall correctly. The is less oil to supply the world but world is using more of it. I think your right, the upside is going to be far far greater.
Click to expand...
My personal view is that the Saudi's have brought the price down in order to punish the USA.
The USA may well say that it is to put pressure on the Russian economy, but from the start of the decline i have always thought it was punishment against the USA.
With the "oil boom" in the USA this is a great way to stress and collapse a HUGGGGGGE chunk of the USA economy.
We have already heard about the little oil companies in the USA going out of business due to the price drop and many more telling us how close they were to collapse after the price started heading up again NOW THAT WE ARE DOWN again i guess those companies are in the SH** again.
I will have to check my records to remember what brought me to this conclusion, as it happened some time ago i have forgotten the specifics but remember my general view.
 
Skyrocket said:
This is what I don't understand, why oil price ever went down?
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On the surface oil is another commodity, and all commodities are rock bottom at present.
But oil is course special, special enough to have wars started over it, and the oil price is as much a complex political smoke and mirrors games as it is based on actual supply and demand.
 
Oil will keep going down and not because of some underhanded play. The OPEC nations are no different than our own government in the sense that they spend wayyyyyyyyy too much and as such have to fund the promises. They are locked into pumping at whatever the price or risk turmoil in their own land. It is simply bad governance. The demand for oil is weakening so look out low 30's.
 
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