Driving just a few minutes ago I saw gas selling for $1.78.

I don't think today's gas price has anyting to do with the true value of oil, but simply a violent swing from overconsumption to underconsumption.

I believe the same to be true for nickel and other commodities.

This is just a swing movement.

Countries will continue to require vast amounts of oil, steel, nickel, palladium, etc.

And with the reaction of the world governments, as has been predicted, to print more money and further ease credit, the violent swing back to high prices won't be far away.

IMO

BK.