jmlopes

Where Will Oil End 2009?

Simoes: Tell me something. Why would anyone believe the safe haven is oil as our dollar falls? Wouldn't gold step up to the plate considering not only is it in short supply, the CBs stop selling, and in fact are in the market buying- what gives?

Personally I think OIL will get trashed in 2009 simply because it is the only stimulus or ease the consumer will get seeing as tax breaks for the middle class aren't forthcoming.

Cheers