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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: axial who wrote (122115)7/1/2009 3:09:33 PM
From: Archie Meeties1 Recommendation  Read Replies (3) of 206131
 
There's more excess capacity today than the combined production of Iran and Venezuela. North American crude demand peaked in 2007, Europe in 2005, Japan earlier. Folks anticipating some sort of future supply crunch are going to be in for a very, very long wait.

I would add a #4 to your list, which is widespread anticipation of significant dollar weakness. If this doesn't materialize, and soon, crude will continue drop. I can already smell a move towards the exits today.

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