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Exxon Mobil Corporation Message Board

  • manylumen manylumen Feb 21, 2013 11:15 AM Flag

    on the subject of commodities oil,gold, fertilizer,food crops, metals etc.

    Sorry to insult your intelligence but to make a point, currently world governents none more so than USA are fighting to recover from recession and stop the economy descent. So how do they do this, one way is to pressure down commodity prices to stimulate industry oil being a prime example. For gold the government does not want it held too much in people vaults but their money invested to grow production and jobs. Now world governments (consumer;/producer/industrial), can "cartel" commodity prices for a whle until market forces make thier rebound/revert irresitable. Bottom line is momentum traders flee the short term but long term oil is going to rebound like a depressed spring. The pressure down of commodity prices is going to cause lack of new production and slower exploration and even shut in of non-conventional oil. all this means buying opportunity coming. on gold its being abandoned by the momentum/short term traders but comes back once the inflation the governments want return. jmho

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    • Depression of price of oil by governments will ultimately lead to lack of effort/capital spending on new production especially new higher cost production. thinking buy opportunity coming/started. looking for massive rebound iin price of oil once economy rebounds. longer time horizon and oil stocks go much higher.

      Sentiment: Buy

86.62-0.59(-0.68%)Oct 21 4:00 PMEDT