RE:RE:RE:Untill markets firm . . . LittleYerry wrote: How do you see this going back to 7 or 8? Do you see oil going back to the 70s anytime soon? I don't. You seem like an energy/NVA permabear.
To me, WTI is back to a firm base. The fundamentals, from all I've read and researched sees it going higher from here.
I've made good profit on this already. It likely won't go down that low but that the range I'm willing to pay to get back in. Long term I'm much more bullish on copper fundamentals like miners such as IVN. They will experience alot of volatility along the way as well however if you have a 5 - 6 yr outlook.........it will be much higher than where it is today...........and widely accepted by the investment institutions.