Hi elemental,
Its tough discussing negatives on a stock board.
however regarding POO
Colin Twiggs recently put a technical long term target of $50 in his trading diary.
http://goldstocksforex.com/2014/11/26/falling-crude-threatens-gold/
http://goldstocksforex.com/2014/11/30/crude-oil-a-zero-sum-game/
I read another article that mentioned opec could force it down as low as $30 (2008 low)
My personal take is that they will need to keep it low for at least a year or 2 to achieve their objectives. Otherwise they are just costing themselves money.
IMO this should give the patient plenty of time for an entry as the risks and uncertainties play out.
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Hi elemental, Its tough discussing negatives on a stock board....
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