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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Paul Senior who wrote (106633)8/6/2008 5:14:36 AM
From: Bearcatbob  Read Replies (1) of 206200
 
"My opinion is that it's people - individuals as well as fund managers - who are just being scared out of oil/gas positions as we see media reports that oil might drop further, maybe to $110 or $100 or $80, implying oil stocks dropping further too."

I have a very vivid memory of the late '70s when the oil bubble burst and fortunes were lost. I suspect others were around then as well. With all the media and political noise about the problem simply being speculation it is no wonder some would be scared.
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