about a month and a half ago it bounced from 1206, but this time summer is coming, who knows, people may need legal tender for the vacation period
lol... the only losses I have are when I held.... bad advice, especially for uwti, which is a short term trend vehicle, how short, depends on the upswing trend
yah right, as true as saying it goes to 7000... if you mean 700 but 2013 dollars, might agree. it will not fall below 1000 , not any time soon,
buying FNV and GOLD mainly -- seems do not have enough money to manipulate the index across the board. might fail in their endeavor
oscillate at around the same value for 10 years to figure out. the higher the oscillations faster the decay. anyway, not going to argue, it's your money.
it is because the rigs went too fast up. the break even price as I recall was about 60. when oil surpasses that price, expect rigs to appreciate... theoretically. it might be much earlier if MM expect to bring oil above the break even price for rigs to become profitable or rigs manage to bring break even price lower.
no. these that do not have multipliers subtract only management fees. these with multipliers decay naturally due to the multiplier -- do the math and you'll figure it out by yourself.
I'm one of the dummies.... once all new and weak producers get killed and forgotten, oil will even surpass old highs -- you know, inflation of the currencies, although we might be now in a deflationary period, it cannot continue for long.
shorties should stop shorting it as this causes short squeezes... just let it run until gold loving bugs buy whatever they can.... :-) they will finish their money at some moment and will need to sell to buy at least oil. oil is needed even to dig more gold... :-)