Big Dog's Boom Boom Room Message Board

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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: CommanderCricket who wrote (41348)	4/4/2005 1:04:01 PM
From: jim_p	Read Replies (2) of 206117

As we all know the market is looking forward and many people, including myself, believe that current oil and NG prices will either bring on new supplies or kill demand or both. I can't see any reason to buy stocks, including oil and oil service stocks. Higher oil prices are now showing up in the inflation numbers and the fed will most likely continue to raise rates to both reign in inflation and attract foreign capital to finance the budget deficit. Lots of red flags showing up for an international economic slow down. China showing signs of problems on the horizon. Cheap and uncollectible bank loans were the driving force in China and it can't go on forever. Record high unemployment in Germany, auto sales at a 24 year in Europe, higher inflation, higher interest rates, higher energy costs, slower growth, etc etc.......all bad for the market. Cash is nice!!

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