Gas prices will fall to 2 dollars..

commodities are notorious for going parabolic, and then heading straight back down. been doing since way before the public was much involved in futures. Look at just about any long term commodities markets from platinum to grains to OJ to sugar, etc. They over shoot one way, and then over shoot the other. The dollar does this too. has for decades.
 
Quote from JamesVU2000:

Its hard to argue that the longterm fundamentals dont equal higher oil prices, but the price curve on the oil market is so steep that it will have a vertical decline when it breaks.

Speaking of commodities in general, there are tons of new prop shops in chicago trading them. rooms with 50-100 guys
More...

well said
 
Quote from marketsurfer:

gas will easily be at < = 2.00 within the year. these 2.99 guaranteed gas price car promotions are sooooo bogus!

surf
More...

I hope you're right... but I think we all should leave open the possibility that the price stays high. After all, oil is unlike any other commodity... it really cannot be substituted nor have the capacity increased significantly in a short period (if at all, according to "peak oil" believers).
 
I cant stress enough that I am longterm bearish on the dollar which should be bullish for commodities, but everything can get overextended.

real estate was an inflation hedge and look what happened.
 
You must log in or register to reply here.
Back
Top