Sunday 27 March 2011

LT Buy Oil (ETF or spot market)

Currently the market is underrating the serious nature of what is happening in the middle east. The media has focused on Libya but more serious geopolitical issues are arising in Bahrain (Saudi Arabia v Iran) etc. Could see a rise all the way to $140 a barrel if interstate warfare arises. We won't see oil falling back to $80 a barrel for a very long time.

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