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Politics : Welcome to Slider's Dugout
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From: SliderOnTheBlack11/7/2007 6:33:41 AM
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Run Yeller Run!

I had to attend the funeral of a family friend
and just returned home. On my drive back, I saw
something for the third time that I can
no longer ignore. It explains what I think is
the "real" driver of Oil prices here.

This morning the US Dollar is tanking and
Gold is flying.

I've mentioned here a couple of times about the
"whisper number" for the US Dollar being 72 and
I firmly believe that is this Fed and this
Treasury's target.

A 30% move up off the former resistance level of
HUI 400 takes gold stocks to the HUI 520 level.

While a 120 point index move seems daunting, think
about it in terms of $10-$15 moves for the likes of NEM,
and $3 to $6 moves for the smaller cap stocks in the
index. Not really much of a hurdle there.

Gold often trades at 1/10th of Oil prices.

$100 Oil and $1000 Gold.

Doesn't seem so unobtainable here, now does it?

I'll have some time this evening to catch up and
post some thoughts on why I think we're going into
Iran and soon...

Saw it with my own eye's.

It may explain why Oil broke out so early ahead of
gold and has seemingly defied it's fundamentals and
refuses to correct here.

The price behavior of Oil says that "someone" has
information that the general public doesn't.

More on that later...

Run yeller, run.

S.O.T.B.
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