"The sentiment has been dominated by fear and panic, and when people are scared, they just keep selling."
- Gavin Wendt, head of mining and resources research at consultancy Fat Prophets in Sydney, talking about the collapse in oil prices.
October 17, 2008
HousingPANIC Quote of the Day
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3 comments:
Yep, that's panic all right.
Watch as OPEC nations unload US treasuries as oil prices continue to drop.
This can't be good for the dollar.
I'm buying various proven exploration companies at 1 cent a share these days. I still can't believe people are offering them at this price which is virtually nothing. Just one of these babies eventually come through for me and I'll be rich during the depression.
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