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.
Hi elemental, Its tough discussing negatives on a stock board....
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