where have the buyers gone???, page-19

Agree with you there Onthego.

Big picture stuff.

Should "Contagon" spread and cause a GFC 2, I cant see oil going below $50 at the worst, probably more like high 60's. The hedge funds arent so wired this time around, so there wont be the unwinding that occured last time.
Even if the unwinding did occur, everyone missed the buy of the century on oil, it wont get missed this time, even if its not a good buy. ie my guess high 60's, in the mean time Nido starts cashing up.

Should a GFC two happen, perhaps No farm ins, no deep and expensive drilling.
But we are still able to continue the shallows on our own back, positioning us even stronger coming out of a GFC 2.

And because of the risk out there, which is finally coming to the froe, I cant see the major instos buying in , for this reason, 2ndly they sit it out hoping to pick up something very cheap.