Blog > Archive by tag 'oil bubble'
Crude oil prices have dropped below $115. Gold is down $130 in less than two weeks. For dollar bears and goldbugs, this is th time to exercise caution!
by J. Christoph Amberger
Baltimore — (TFN): “Bad news from the Baku-Tbilisi-Ceyhan pipeline - an installation that may not normally draw much of your attention,” writes Martin Vander Weyer [...]
Raising production has not been enough to curb the buying frenzy this spring. Goldman Sachs has warned that prices could reach $200 in a final spike, and even the bears at Lehman Brothers say there may be enough momentum to keep the boom going until Christmas.
It is unclear whether hedge funds and investors piling into [...]