Gas prices will fall to 2 dollars..

Discussion in 'Wall St. News' started by sammybea, Jun 23, 2008.

  1. commodities are notorious for going parabolic, and then heading straight back down. been doing since way before the public was much involved in futures. Look at just about any long term commodities markets from platinum to grains to OJ to sugar, etc. They over shoot one way, and then over shoot the other. The dollar does this too. has for decades.
     
    #11     Jun 23, 2008
  2. Hey, you're that Apple fan. You probably think Apple is headed for $350/share and oil $500/barrel.

    j/k
     
    #12     Jun 23, 2008
  3. S2007S

    S2007S



    You doubt that, hmmmmm


    you will see a between a 30-50% correction in commodities when it does take place.


    :p :p :p :p :p
     
    #13     Jun 23, 2008
  4. well said
     
    #14     Jun 23, 2008
  5. gas will easily be at < = 2.00 within the year. these 2.99 guaranteed gas price car promotions are sooooo bogus!

    surf
     
    #15     Jun 23, 2008
  6. gnome

    gnome

    I hope you're right... but I think we all should leave open the possibility that the price stays high. After all, oil is unlike any other commodity... it really cannot be substituted nor have the capacity increased significantly in a short period (if at all, according to "peak oil" believers).
     
    #16     Jun 23, 2008
  7. 100% agree
     
    #17     Jun 23, 2008
  8. PaulRon

    PaulRon

    The buy of the year in gold is coming up next month
     
    #18     Jun 23, 2008
  9. Who is currently short oil?
     
    #19     Jun 23, 2008
  10. I cant stress enough that I am longterm bearish on the dollar which should be bullish for commodities, but everything can get overextended.

    real estate was an inflation hedge and look what happened.
     
    #20     Jun 23, 2008