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You tell me what is going to happen with the Economies of China and Europe and I will tell you a price. My guess is that Europe stays in a recession because their central banks are too worried about inflation. They are at least several months away from doing a QE. China's GDP growth has slowed to 5-6% after years of double digit growth. The bloom is of the onion as my grandmother used to say there. Americans like to think our production increases caused this fall in prices, but the truth is while it had a small effect, what happened in China has caused most of it. I am guessing that turning around China is going to be harder than most people think. I will say $24, but that is a number that I pulled out my rear end. It could be $19 or it could be $44.
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Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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