Gold and oil can tumble 40% over the next twelve months
John Abelson
Mar. 13, 2008

The gold and oil made new highs. But the technical picture is bleak for these two commodities. Federal Reserve is focusing on other measures for now than lowering rates. A stability in the mortgage market is what Fed wants now.

The slowing economies in US, India and China can take crude oil price down below $60 a barrel. The euro may have seen its top for the next ten years. Sooner or later the world will recognize that America is the driving engine and the rest of the world reacts to what happens in America. While Germany can hold on for a while, the rest of Euro zone will plunge into a deep recession if not outright deflation driven depression.

The central banks may start selling gold again. The precious metals like silver, gold and platinum is in a massive bubble. Oil is in a bigger bubble. The bubble can burst any time. In that case a steep fall of 40 to 50% is possible in less than twelve months.

Gold and oil can tumble 40% over the next twelve months
John Abelson
The central banks may start selling gold again. The precious metals like silver, gold and platinum is in a massive bubble. Oil is in a bigger bubble. The bubble can burst any time.
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Eliot Spitzer case points to a massive problem in the American and European culture – the safety net for young girls missing resulting in massive prostitution industry
Tarun Sikhdar
There are millions of ‘Miss Dupre’s in United States. There are millions of ‘Eliot Spitzer’s in United States. These escort agencies are in every city of United States.
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Geraldine Ferraro’s racial comments on Obama will be the root cause for overturning Roe v. Wade - a fatal mistake by the feminist
Juhi Singhal
Geraldine Ferraro’s racial comments on Obama and subsequent lack of rejection and denouncement by Clintons will be the root cause for overturning Roe v. Wade.
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German investor confidence rose – a sign of stronger Euro zone economy or a sense of over optimism typical before a major recession?
Kirsten McLauren
However, the news can be deceptive. It is not the consumer confidence. It is the investor confidence. Investors typically become over optimistic at the end of a bull market just before the start of major recession.
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Cheers in the Wall Street may be short lived on its nemesis Spitzer taking a fatal career blow – Dow headed towards 7,000
Trisha Rowe
The cheer will be short lived. Dow is headed for 7,000 by end of the next eighteen months. It is a parabolic top that normally continues for a long time with very slow depletion in value.
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Hillary Clinton shows bias, arrogance, and lack of common sense in offering VP position to Obama without asking him privately
Rita Nair
We saw enough qualfications in Bill Clinton and George Bush. We saw enough qualiifications in Governor Eliot Spitzer of NY and James McGreevey of NJ. Politicians get corrupted and immoral when they stay too long in the office.
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Euro near its high - Jean-Claude Trichet signals actions from European Central Bank
Karen Zuba
It seems ECB is more worried about eurozone economic growth than it had previously acknowledged. The ECB actions supporting US Dollar will require US approval. That may be the case, some say, based on Feds recent actions.
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