Originally Posted by
Seljuk22
"Experts" say that oil drops to 100 Dollar/Barrell by the end of the year. And exchange rate Euro/Dollar goes also down to 1,40 or 1,30 from 1,50 now. The financial crisis in the US is nearly over and ressources like oil, gold, silver go down.
Are these the same "experts" that were until recently forecasting oil at $200 a barrel by year-end, and a continued weakening of the US dollar?
Experts are no better at forecasting the future than the layman - if they were, then the banks would not now be reporting losses in the billions of euros. Let's just wait and see.