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Greg Pinelli's
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Mark is right on the money..buy USO on an average in basis with a slight twist. Start with 10% of funds now and move progressively up the purchase ladder...Even intelligent investors are not fully aware of how close the oil market is to seeing ANY future product development at these prices..that means a huge marginal squeeze. The turnaround point will happen VERY quickly and the price chasing begins...The next week would be a pivotal time to make an intial committment...
Dec 25 11:14 am
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+2
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All Comments by Greg Pinelli »Buying USO Is a No-Brainer [View article]
I'd be wary of oil price forecasts from the industry..in many cases these forecasts are really threshold price levels where they either drill and sell or might as well go play golf.
It's VERY interesting how we are at prices of two headline commodities..oil and gold..one spot market HUGE, the other miniscule in comparison..yet each commands tons of investor interest and opinion..AND BOTH ARE AT LEVELS..TODAY..XMAS 2008...SOME OF US WILL NEVER SEE AGAIN.