Econ The Number to Watch

[Laufen]

DJIA resistance is at 15720. If we break through, that indicates that the bear has come out of hibernation.

 

[Strider12]

So the dollar goes down while precious metals and oil takes off?

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[DarthVader]

They're predicting oil to continue falling in the short term.

 

[Laufen]

So the dollar goes down while precious metals and oil takes off?

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Gold has big upside right now. Two ways to get in. The obvious, buy gold. You could also purchase a gold etf like GLD, and have a more easily managed (more easily liquidated) stake in gold.

 

[dial1911]

Dow Jones? Nobody's talking about that- didn't you hear David Bowie died?

 

[Strider12]

Gold has big upside right now. Two ways to get in. The obvious, buy gold. You could also purchase a gold etf like GLD, and have a more easily managed (more easily liquidated) stake in gold.

UWTI is at 2.35. I kinda see oil holding off on a bounce until late april, mid-May.

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[Laufen]

UWTI is at 2.35. I kinda see oil holding off on a bounce until late april, mid-May.

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Probably. I got in, and I'll keep buying all the way down at this point.

 

[Strider12]

Probably. I got in, and I'll keep buying all the way down at this point.

I see gas prices for summer travel in the $2.80-3.10 range. That will be a good bounce for crude and all oil stocks.

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[Laufen]

There are some really big fish to fry right now with crude tanking. This is just about as excited as I've been buying etfs or stocks since 2008.