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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: SliderOnTheBlack who wrote (41974)4/15/2005 11:29:18 AM
From: a.handbag.  Read Replies (1) of 206326
 
Slider, I think you have become hostage to the "oil inventory builds". They are rounding errors, statistical noise. Take the last build in the U.S. of 3.6 million barrels. Looks like a big number, with the word "million". But the world uses a million barrels in 17 minutes. 3.6 million is enough for an hour. The important number in the weekly report is, IMO the demand increase number. Sure it looks small, one to two, but it has a % sign and that changes everything.
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