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Target price anyone?, page-61

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Teddyward

9,466 Posts.

897

06/08/20

00:30

Post #: 46333822
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Originally posted by Devilmaycare: ↑

We are speculators and what is normal common sense doesn't always follow with what Mr market does.
Google tells me this " Wars typically increase demand (militaries need a lot of energy) and threaten supply (shipping oil becomes more dangerous, and access to oil fields is limited). The results of higher demand combined with limited supply is almost always higher prices.".Prior to the oil price war, WTi was approx $50 a barrel US, so i am expecting oil at some point to get back to $50 a barrel.
Gold just hit a $2000 a ounce (all time high) and Iron ore is $108 a tonne, high to long term prices.
IMHO, we are in a commodities super cycle, because China are back in production and the US chose to not shut down. Wonder why???
I am expecting in the current climate for oil to catch up because its my opinion AND OSH to benefit.
DYOR

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I'm just wondering why not just buy oil futures or options and get direct exposure regardless of country with leverage thrown in.?
Picking a macro trend and then picking micro leverage buy buying individual stocks all with added development , cashflow finance management and country risk. just doesn't seem to fit the bill.

OSH Price at posting: $2.98 Sentiment: None Disclosure: Held
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