Precious Metals




John Licata, chief investment strategist at Blue Phoenix Inc tells CNBC’s Sri Jegarajah and Karen Tso that he sees the price for crude at $87/barrel by the later half of 2010.


It is with great enthusiasm I write to inform you that Blue Phoenix has now successfully completed a 2009 Wall Street Trifecta by correctly forecasting for $80pbl crude oil, 1.50 EUR/USD and as of this morning, $1,200 gold (a new record high for the yellow metal). This is the second Wall Street Trifecta for Blue Phoenix in three years.