oil getting smashed //////6\\\\\\, page-7

re: oil getting smashed? is that so? BW,

Another irresponsible panic heading as usual.

It may draw in a few readers but those who are concerned with the whole picture and not a day to day/week to week happening, will think different.

Smashing an oil price means $30 to me and not the current $43.15.



Still better than the $25-$30 you proposed on 5 Oct. 2004.

Also, in a competition you picked a gold price of $350 on 5 Oct. 2004 (Now 442.60)



Suggest you check these dates and data.
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I have explained -and you didn't take any notice- that TA without FA with regard to Gold and oil is a difficult proposition.

In any case weren't we close to $41/barrel some short time ago? So what has changed?

I have mentioned time and time again that prices move within bands. In this case I have proposed $45 +/-$5.

Obviously, should part of the supply system be knocked out, then all bets are off.

Gerry
Please note that there will be only very light trading till Jan. That could lead to unexpected results from time to time.