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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.24-0.6%Dec 2 4:00 PM EST

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To: TobagoJack who wrote (40044)9/17/2008 11:27:29 PM
From: gregor_us  Read Replies (1) of 218156
 
Greeting, TJ.

Some comments this evening on gold. And, oil and gas equities as safety trades:
investorvillage.com

G

PS: I did some analysis this Summer of the all-in costs from taxes and duties to an exporter of Russian oil, and came up with the level of 90.00 as the point where the Russian exporter becomes profitless. Turns out, I was too low. The level is more like 100.00. So I am both fascinated and unsurprised that the financial crisis in Moscow comes just as the profit margin disappears. There perhaps was an anticipatory awareness in the financial community that Moscow was addicted to export duties, and perhaps started to price in much lower revs? Don't know.

The main point is that, in my work, I have determined that at price levels of 100, then 90, and then 80--varying levels of supply or future plans for new supply, disappear.

G
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