Author Topic: 3/23/2016 Guru Adam Montana  (Read 97 times)

Online arizona49

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3/23/2016 Guru Adam Montana
« on: March 23, 2016, 03:21:04 PM »
 3/23/2016 Guru Adam Montana   It certainly doesn't take a rocket surgeon or a brain scientist to see that oil is silly low right now. After you take into account for inflation, it's even more obvious that this low rate cannot last.  Now, if a bunch of numbskulls like us can easily see that oil should probably be closer to $80... don't you think Iraq can, too? I certainly do.  As I type this, oil hasn't moved and we still haven't seen any significant news on the HCL. The GOOD news is that it also doesn't take a genius to grasp that oil is probably about as low as it can possibly go, which means there's only one way for it to go from here. UP.   And the GREAT news is that in spite of these ridiculously low oil prices, the CBI has maintained a very strong grip on the exchange rate, proving that they are, as always, very capable of manipulating their market how they wish.   ...at this time I think our motto is: "Watch the oil".