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Jun 15 2008, 10:19 PM
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![]() Group: Members Posts: 2,329 Joined: 20-June 07 Member No.: 1,243 |
Commodity prices are usually/often a late-cycle component of a global economic slowdown.
Energy and precious metal prices spiked to an all-time high in 1980 and then tanked into a 20-year bear market. If you bought gold at its 1980 high, you finally broke even in 2008. 1980 peak-silver buyers are still down 200%. Today, GS is telling the peasants that oil is going to $200. Meantime, their sworn-to-secrecy-traders are SHORT USO/SLV/GLD. Classic pump and dump by the masters. There are differences between 1980 and 2008. Also, some similarities. The speculative manipulations of 1980 revolved largely around Iran. Today, Iran is being used to stir the pot enough to bring the suckers into USO/GLD/SLV; the smart money is SHORT or getting ready to be SHORT....just like 1980. Notice EVERY seller of EVERY commodity wants CASH for their product. Just like 1980. -------------------- ![]() ![]() |
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Jun 15 2008, 11:19 PM
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#2
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![]() Oh baby bring me down Group: Agents Posts: 4,115 Joined: 23-February 06 From: Way out yonder Member No.: 68 |
I think they will start tanking around the end of summer.
-------------------- Southern Rock, beer and bears!
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