Monday, Jan 28, 2008
Oil to fall in price?
FT: Investors shift bets to oil slide
"Investors are shifting their bets towards oil prices weakening in the near future as the slowdown in US economic activity damps energy demand growth, traders in London and New York said." If true this will have a big effect on inflation and gold prices.
Posted by happyrenterz @ 12:57 PM (332 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Urbanbear said...
Any dip will be short lived, others will just buy more.
2. cornishman said...
You would think that if the west goes into a recession that oil prices would fall - and then so too would gold. It may well happen like that.
But, don't forget that there is a lot of 'spin' being used by VIs to try to force the gold price back down. This may be some more of the same. I know that if all these monoline things go belly up, I'd rather be holding gold than money in an exposed bank...
Who knows?
All those Chinese and Indian cars need fuel. Newly wealthy people in hot places will want air-con in their houses etc. You could make an argument either way!
3. drewster said...
Oil could see a short-term correction back to $70-80 but the long-term trend is up, and it's not a pretty sight. The peak-oil world is divided into two camps: economists, commentators, and politicians who think the market will take care of everything; versus oil engineers and industry experts who think we're in for rocky times. Whose opinion would you trust more? I highly recommend the film A Crude Awakening* - you can buy the DVD or watch it free (in low quality) on Google Video.
(*Not to be confused with Al Gore's eco-tripe "An Inconvenient Truth")