Oil can move back to $60 a barrel level before testing the recent low again
Specia Correspondent
Jan. 16, 2007

The oil market has lost 13% of its value this year. Some OPEC countries are seriously concerned. Algeria and Venezuela can go bankrupt if the oil prices remain at this level.

OPEC, the producer of 40 percent of the world's oil, doesn''t need to convene an emergency meeting to discuss any further reduction in oil production, Saudi Arabian Oil Minister Ali al-Naimi told reporters in New Delhi.

The demand for oil remains strong. China and India continue to expand rapidly and oil need is huge for them. The hedge funds that hoarded the oil futures are in blood bath and have learnt their lesson not to interfere in free markets. The oil may be ready to move up to $60 level from here with higher demand as steady supplies.

Any disruption in oil supply or a perception of the same can create a massive spike anytime to $70 level.

Oil can move back to $60 a barrel level before testing the recent low again
Specia Correspondent
The oil market has lost 13% of its value this year. Some OPEC countries are seriously concerned. Algeria and Venezuela can go bankrupt if the oil prices remain at this level.
READ MORE>>

Dollar index continues to consolidate as German Investor Confidence rises to a six-month high
Special Correspondent
The net impact can be serious for Dollar. It will be interesting to see if Dollar can hold it base at 84 or just below.
READ MORE>>

Japan trying to control wage inflation in the middle of output deflation from Asia, Europe and America
Special Correspondent
They own the industry and business infrastructures in the country. They are the new ‘Royal Family’ in Japan.
READ MORE>>

Oil and Gold making big moves upward within a secular bear market – corrective bull move within massive deflation
Special Correspondent
Oil prices rose above $53 a barrel amid reports that OPEC may hold an emergency meeting to try to reverse the 13% plunge in oil prices this year.
READ MORE>>

During the stock market crash you will place your sell orders electronically and get filled at the bottom
Special Correspondent
Your orders will hang without being filled. The next day or next week when the market opens, it will gap down more than 20%. You will get a fill way below at the bottom.
READ MORE>>

1962, 1973, 1981, 1987 and 2000 - do you see a pattern of stock market trouble? What is in store for 2007-2008?
Special Correspondent
When selling starts and the smart money pulls the plug, the will be scare, chaos and total financial meltdown in the stock pits.
READ MORE>>

Let not Big Mouth TV hosts mislead you – before major stock market crashes these big mouth ‘know it all’ talk show hosts show up in hundreds
Special Correspondent
These ‘big mouths’ make more noise through their body languages as they know very little. Some of these ‘know it all’ talk show hosts are leading their listeners to the disaster of the millennium.
READ MORE>>

MORE ARTICLES >>