RE:RE:FantomeI guess his cash holdings could be a reflection of his risk tolerance or his belief in where things are headed. Chatted with a fella today who feels Iran will cyber attack US and do nothing to effect oil supplies. He saw WTI dropping below $60 by next week. In reality none of us really know but we all have different opinions. I sold my TOG holdings today after a nice gain, took some money off the table and I'll wait and see how the US/Iran issue plays out.
Any guesses to how many dollars in the price of oil WTI is a built in risk premium?I'm thinking $4-5.