maskers..different reasons now. Dollar falling because no confidence in US economy/dollars. Gold rising as you stated "safe haven". Oil stable/dropping because no demand. Of course hedging part of equation.
Oil is going to go up...its just going to take a little time. I expect oil to be a roller coaster ride over the next 8 months or so........but in the long run....the next 24 months....oil will revisit the $150 dollar mark.
Just wait til the Fed starts injecting money directly into the system....quantative easing.....it didnt work in Japan...it wont work here.....its going to be an interesting next couple of years.
Oil should start heading north with OPEC's new cuts. I think it will be back up to 75-100 by 3Q 09. Gold is running now that oficially it has been determined that the USA is in a recession.
Did you know that if you took all the gold EVER recovered since the beginning of time, it would only fill up two olympic sized swimming pools ??
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