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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.98

+0.6%

Nov 21 4:00 PM EST

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To: Alex who wrote (57564)	8/23/2000 12:36:20 PM
From: SliderOnTheBlack	Read Replies (1) of 116764

Does a "Black Gold" crisis cause a "Yellow Gold" rally ? ...imagine what happens when OPEC finally announces they do not have the capacity needed to bring equilibrium to the oil markets & then; Saddam & Iraq - become the real "swing" producer with near "Extortion" ability right into the US Presidential elections. Saddam; could trigger an immediate spike thru $40; with $50 crude not unrealistic. I think we all know what $40, to $50 crude would do to the markets & what type of flight to safety & fundamental inflationary pressure that would inject into our "food & energy" don't matter economy. ...and people were wondering what type of Global Event could cause an immediate short covering crisis for all those greedy pigs who rode the Gold Carry Trade & short derivates as a "Long Term Capital-esque Free Money" play ? Ride Black Gold to new highs - take the money & rotate to un-hedged Yellow Gold producers & short the NAZ bubble; it's that simple (VBG).

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