OIL and Natural gas, 04/18/08
Having experienced Uranium mania and A share mania that followed crash, I am very cautious of very potential bubble. The current one that could fit into this term, as I am seeing, is OIL.
I recalled that before the current gold correction happened, most of people was thinking Gold going above $1000 and MOST importantly, people started to talk about Silver price should catch up. Right now, people are talking about oil going to $120 or higher and Natural gas should catch up, will the same pattern happen again?
What do you think? Will in this time Nature Gas and Oil be different from Gold? Or is it the time to call, as some other people on the other extreme side claimed, "Commodity Peak"? Me think? a midterm correction and high higher coming in the late fall.
Disclosure, I do hold some Natural gas trusts.
[ 本帖最后由 littletiger 于 2008-4-19 18:11 编辑 ] |