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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Kayaker who wrote (115818)12/28/2008 7:04:23 AM
From: elmatador  Read Replies (1) of 206085
 
When the USD parked as oil stored come out, there will be a significant deluge of oil.

Oil could have gone down like a hammer had not been for the cushion of oil stored as reserve of value as investors feared the USD would collapse.

Once the picture start getting clearer -when Obama tells the world what he came for- oil may be fall further as this oil is unloaded for refining.

Note that OPEC is not going to stop producing just to save the money of those investors who hold the oil storage and cargo.

It is clear the indication is not consumption or threat of recession. The real indication is how speculators will jump off oil.
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