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johnso29

11-15-2012 07:26 PM

Quote:

Originally Posted by Ekpt40 (Post 1293845)

If this M.E. event escalates it may be really soon.
Oil will skyrocket(200USD/bbl overnight),as well as everything else except pay.
Hope it cools off before others start to get involved.

I hear this every year.

surfnski

11-15-2012 08:17 PM

Quote:

Originally Posted by johnso29 (Post 1293873)

I hear this every year.

No kidding. They've been predicting $200 oil barrels since 350 B.C.

Ekpt40

11-15-2012 09:07 PM

hopefully you guys are right.

AtlCSIP

11-15-2012 10:03 PM

Quote:

Originally Posted by Ekpt40 (Post 1293912)

hopefully you guys are right.

About $200/bbl oil, or hearing it every year?

paintyourjet

11-16-2012 08:46 PM

Theoretically, the stock market is a "crystal ball" into the future. It's a mass collection of emotion that can predict the future, Theoretically.

Elusive Napkin

11-16-2012 08:53 PM

Quote:

Originally Posted by surfnski (Post 1293900)

No kidding. They've been predicting $200 oil barrels since 350 B.C.

I think the price of oil is the wrong thing to watch. Look at the price of gold. The higher it goes, the weaker the dollar. The weaker the dollar, the higher the price of oil.

I'm nervous because the dollar is falling against the Euro. No bueno in my opinion. Currencies are becoming weaker. This drives the price of intrinsic properties higher.... Like gold, oil, commodities, etc.

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