nana1

UBS Hikes Crude Oil Forecasts

I downgrade oil price to $35.00 This is based on total production cost about $30.00 per AIE statistical data.
The same for gold, gold should fall to $ 450.00 because production cost are $200-$400. History repeats itself, always.
The one who has higher cost will loose in USA -Gulf of Mexico , the one who has lower cost like Middle East will have very large profit. MIddle East production cost is only less than $10.00. Think always about the cost and add to it maximum 30% or less for profit and non-production cost.
Do not listen to speculators or interested parties, they always want price to go up at your expense.