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PeakOil is You

PeakOil is You

THE Oil : Gold Thread (merged)

Discussions about the economic and financial ramifications of PEAK OIL

Re: The Price of Oil and Gold by August 2012

Unread postby evilgenius » Thu 21 Jun 2012, 15:36:24

Alright, the poll is closed. There remains only the truth. Let's begin by stating the interim results: as of June 21, 2012 gold is at $1568.10 and oil is at $78.60.
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Re: The Price of Oil and Gold by August 2012

Unread postby SeaGypsy » Tue 07 Aug 2012, 18:20:23

Looks like it's Gold up around $1650 & Oil $95ish, Still a couple of weeks left.
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Re: The Price of Oil and Gold by August 2012

Unread postby Pops » Tue 07 Aug 2012, 18:58:47

Right this second Brent is $111.66

Looks like this chart was from november some time, I need to update it:

Image

LOL, I guessed $100 in this thread, I don't even believe my own chartology.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
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Re: The Price of Oil and Gold by August 2012

Unread postby ColossalContrarian » Tue 07 Aug 2012, 22:45:51

$this->bbcode_second_pass_quote('careinke', '')$this->bbcode_second_pass_quote('Revi', 'I') really don't know what it's going to do, but gold at $1500 and oil at $90 seems like a reasonable price.


The fun part is no one knows.

I'm guessing that Greece sets off the next depression and the prices will fall far lower than most expect.


I'm thinking that the price may fall but the value will rise but a collapse in the world economy will probably make the dollar more valuable.
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Re: The Price of Oil and Gold by August 2012

Unread postby SeaGypsy » Wed 08 Aug 2012, 05:50:40

Just goes to show I'm not King Abdullah :razz: My short range forecasting skills are ok like next few days, but this thread shows being the master at year out range forecasting doesn't mean jack about median term skills. My prediction here sucked, whether WTI or Brent.
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Re: The Price of Oil and Gold by August 2012

Unread postby evilgenius » Wed 08 Aug 2012, 12:36:08

My prediction sucked too. The average got it right, so far. At the time there was a reason for speculating about the end of the summer. Now, I think I should have said what will the prices be a month after the election.
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