Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (4349)	8/12/2002 3:47:20 PM
From: Jim Willie CB	Read Replies (1) of 89467

wondering if MidEast tensions, oil spikes, will interrupt the deflation trend, and even further lead to divergence of commodities from goods & services oil stocks are moving up now it could be very temporary, maybe not supplies are certainly running over the top in port silos but speculation coupled with disrupted supply lines could result in higher oil prices for how long? who knows? the CRB and S&P are clearly diverging oil is in danger of working below 25/bbl, a critical line if the CRB commodity uptrend is to maintain, then two things will have to be clearly established 1. oil stays above 25/bbl, and goes higher even 2. dollar declines, pulling gold up these two represent the commercial and financial side of the CRB with drought causing some crop damage in the MidWest, grains are pushing up in price the 4th component group is coffee, sugar / jim

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