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

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From: Kayaker	6/27/2011 12:46:04 PM
	1 Recommendation Read Replies (3) of 206116

....Oil and gasoline are also looking toppy. The consensus is watching the shaky supply situation and seeing all sorts of reasons for supply to decline, but if the global economy rolls over hard, then demand could fall faster than supply, pushing prices off a cliff. One feature of the "oil curse" is that the oil exporters have no other revenue stream to fund their regimes and welfare states....despite brave talk to the contrary, exporters have no choice politically but to pump and sell every barrel they can, as oil revenue is the foundation of the government's spending and legitimacy..... zerohedge.com

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