I thought this chart to be a good macro-view of what OIL will be doing in our future.
It is possibly also a template for other commodities. I tend to agree with Jim Rogers that:
- There is another severe equities "crash" looming.
- Commodities and cash are the place to be.
While nothing will be cheaper in future, and taxes WILL be going up...so will the price of OIL.
Muni's and Treasuries? Many cities and states are in worse condition than the Federal gooberment. I wouldn't have a penny placed in them (even the post-1984 pennies that are made of zinc and copper-washed to 'look' like real copper pennies from pre-1984 and are worth multiples of their face value based on their copper content and the copper spot price).
What was that old movie line? Something about fastening your seatbelts because we're in for a bumpy ride.
Monday, 9 November 2009
Macro-view OIL..............from Rico
From WellyWanger at 08:42
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