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

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To: XoFruitCake who wrote (41359)	4/4/2005 3:05:38 PM
From: jim_p	Read Replies (1) of 206118

If I did I'd be rich, but as we all know it's difficult to say. One driving factor is China's need to clean up it's banking problems before it's admitted to the WTO in 2006. This should start to show up as a negative on their economy soon. Oil could go a lot higher before it goes lower, but I think we are entering a period where positive news on oil may be a negative for oil stocks just as positive news on the economy is a negative for the stock market since it will only led to higher interest rates. The same is true for oil, higher oil prices will only result in lower economic activity which will result in lower oil prices sooner. Jim

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