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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Gottfried who wrote (149920)	4/22/2011 11:34:57 AM
From: ChanceIs	1 Recommendation Read Replies (2) of 206093

RE: Crude Priced In FX - Damned Speculators All of this talk about crude prices in various coordinate frames and the evil speculators reminded me of a presentation given by Adam Sieminski to my energy geek group in Washington back in October '09 - not too long after most of the serious analyses of the '08 crude excursion had been completed by each of the major economic houses. I recall Sieminski stating that there wasn't a price spike in the Euro Zone. I pulled the presentation from the archive. The discussion focused on speculators, a timely topic to reintroduce today. A quote: Virtually every serious study ever published says that speculators add liquidity to markets and don’t set prices. Also: Why don’t speculators get blamed for low prices? See especially Pages 26-30 for the discussion of speculation/manipulation Page 30 has the Euro adjusted WTI price. Presentation: ncac-usaee.org

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