[RT] Markets

["mr.ira" <mr.ira@xxxxxxxxxxxxx>]

I have some interesting questions based upon my charts.  If oil doesn't hold its resistance in this area, I have price objectives of $63 and $70 a barrel.  In buying power $70 would equate to the cost per barrel in the 1970s.   In the 70s interest rates wentover 20%.  Silver hit $50 per ounce and we all know what gold did.

 

What happens to the markets if oil reaches those prices?  Will the Euro become the currency of choice around the world?  If so, how low can the dollar go?  How high will interest rates go if countries opt for Euros versus the dollars and a liquidation of our debt occurs along with the reduction of dollar reserves?  How high can basic commodities go?  Priced in Euros our commodities are very cheap.  Brazil excepted.

 

There are some very interesting plays ahead when oil either collapses or explodes.  Best plan now for the future.

 

Have a good week,  Ira.

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