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<p>[QUOTE=&quot;medoraman, post: 1104326, member: 26302&quot;]I agree Cloud, we always almost agree. However I would say oil has political problems. Think of the countries with declining production, Mexico, Venezuela, Indonesia, Iran, these countries are declining simply because of a malfunctioning government stealing all of the oil revenues and not reinvesting in production. This couple with Iraq, formerly the 3rd largest producer in the world, makes me think that with political change oil production could surge again. Of course there will be a peak, but I do not think we are near it yet.</p><p><br /></p><p>This is applicable to PM&#039;s since long term high prices like the article noted will provide capital to explore and open up new mines. I am long term bullish on metals to at least keep up with inflation and maybe do better in the US due to declining dollar, but in a 5-10 year time frame I believe we will see lower prices again. I will use this opportunity to add to my holdings if I see it again, as 30+ year timeframe I am bullish.[/QUOTE]</p><p><br /></p>

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