>>With oil at $72 per barrel, natural gas should be around $8.47... Many experts believe that oil is fairly priced right now, given the costs of exploration and extraction<<
And other experts (and even "non-experts" such as myself) think that oil prices should currently be much lower due to still-falling demand, but that instead a new (and temporary) bubble has formed there. In that case, nat gas, too, will soon be falling again.(Please keep in mind that these are relatively short-term predictions; I have no doubt that five years from now could be a very different story.)
Can a Stock Market Meltdown Happen from Here? [View article]
Where is the support (except from "gold bug websites") for calling this guy Heiko Seibel "a leading German stock market strategist"? I did some Googling, and apparently he works for a very small German brokerage shop called "CM Equity".
And, by the way, I'm not even saying that the guy's price target for the S&P is necessarily wrong-- I happen to think that there's a very good chance we'll get there simply based on continual quarters of earnings disappointments. All I'm saying is that you need to take ANYTHING published by a "gold bug" with a grain of salt (and I'm not even saying that the gold bugs will necessarily be wrong, but they NEVER think they could be wrong).
Natural Gas: The Next Big Thing [View article]
And other experts (and even "non-experts" such as myself) think that oil prices should currently be much lower due to still-falling demand, but that instead a new (and temporary) bubble has formed there. In that case, nat gas, too, will soon be falling again.(Please keep in mind that these are relatively short-term predictions; I have no doubt that five years from now could be a very different story.)
Can a Stock Market Meltdown Happen from Here? [View article]
And, by the way, I'm not even saying that the guy's price target for the S&P is necessarily wrong-- I happen to think that there's a very good chance we'll get there simply based on continual quarters of earnings disappointments. All I'm saying is that you need to take ANYTHING published by a "gold bug" with a grain of salt (and I'm not even saying that the gold bugs will necessarily be wrong, but they NEVER think they could be wrong).