Now, on to a forecast that I would like to reconfirm in a market that impacts us all quite dramatically: Energy.
Despite the ongoing financial crisis, I expect to see at least $200 oil and $6 a gallon gas sometime in the not-too-distant future.
The first step will be to see the price of oil hold the $68.07 level by the end of this year, which should not be a problem.
Then, once oil closes above the $99.37 level — probably by the middle of next year, watch out: It will be your signal that oil will make new record highs within two years.
http://dailytradealert.com/2010/12/12/o ... late-2012/
Confessions of an Elitist part 1
Confessions of an Elitist part 2