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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Andeveron who wrote (105293)7/17/2008 8:52:57 PM
From: elmatador  Read Replies (1) of 206148
 
Those are the components that form oil price:


1) Supply-demand
2) Artificial movers: Nigeria attack, Ahmadinejad declaration, Isreal sabber rattling, Chavez big mouth, Hurricane season,
3) Numbers game: US reserve popping up an down, Ghawar, Cantarell outputs
4) Money using oil as reserve currency i lieu of USD
5) USD printing
6) OPEC hiking/holding output

Have you figured out ALL of them over 12 months (2009) and 3 years (2011)?

The drop of the past couple of days were prompted by only two of those factors:
a) the possibility of US demand destruction working.
b) US starting direct talks with Iran.

As oil gets to a certain USDxx will mean 6) kicks in creating a floor to the price.
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