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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: SliderOnTheBlack who wrote (43804)5/9/2005 11:30:02 AM
From: TexasTea  Read Replies (1) of 206093
 
"Production and supply keep ramping Inventory levels week after week, after week, after week, after week..."

---it's called the shoulder season

"Slowing Demand expectations (US Consumer with record debt levels & "0" savings rate) in the US based upon the Fed raising rates into an Oil Spike along with the Euro-zone collapsing and China's demand slowing, along with structural cracks appearing in their boom story...don't bode well for the Global Demand ramp up in the 2nd half of 2005 that Oil Bulls are now using as the LAST pillar to prop up present prices."

---slowing economic growth does not equal reversal of growth. Unless growth goes negative, there is very little chance for a reversal in global oil demand.

"I predict sub $43 Oil and better than a 50:50 chance of seeing $38ish Crude Oil within 8-12 weeks of the Energy Bill getting passed. And if we do see a US Recession and China does hit a soft patch... back to a band of $25-$35 faster than you can say "Matt Who ?""

---Is your money where you mouth is? Or are you posting this in attempt to get people to sell out to you? Frankly, I have a hard time believing that you actually believe in the above statement. My prediction: You are trading the exact opposite of what your posts would indicate.
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