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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: elmatador who wrote (186938)12/6/2014 3:13:38 PM
From: upanddown1 Recommendation

Recommended By
Ben Smith

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Elmat

I don't get the point of your chart.

It ends in mid 2011. The huge drop in 2007 -2009 was caused by the worldwide financial crisis. We then see a recovery in 2010 - 2011.

We understand that OECD demand is flat to down with further projections downward. Let's remember that OECD represents maybe 20% of global population. It is the non-OECD demand that keeps overall demand moving up slowly.

That slow demand growth worldwide could accelerate if we get faster growth next year. The very positive US employment numbers yesterday could be a indication of improving economic conditions both in the US and worldwide.

Hydrocarbons are still the fuel of economic progress.
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