Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: bullbud who wrote (84917)	9/11/2008 8:01:02 AM
From: ajtj99	1 Recommendation Read Replies (3) of 116555

When the government stands ready to release oil from the strategic petroleum reserve, it puts a lid on the price of oil regardless of hurricane activity. During Rita and Katrina, they waited until after the damage was done to decide whether to release oil. Furthermore, it is uncertain as to whether the next administration will top off the strategic reserve like the current one did. They may go back to buying and selling from it like the Clinton administration. It doesn't pay to complain when trades don't go your way. It does pay to know what's going to happen, however: Oil, from August 1. We got to within $1.80 of the target this week: siliconinvestor.com Natural Gas, from July 24. We hit the target right on the head: siliconinvestor.com As for Gold, I've had $675 as a target off the highs since January.

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