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To: bill meehan who wrote (76069)11/18/1999 12:53:00 PM
From: Cynic 2005  Read Replies (1) | Respond to of 86076
 
Agreed that it is too stretched. One thing that strikes out is that, as volatile as oil markets are, it is so easy to yank a $1 or 2 off the price/barrel with a silly rumor or announcement. Despite some negative news, tt didn't budge today. Gold markets were highly manipulated by the central banks (at least I think so as all the evidence points in that direction). But they have no control over black-gold. May be, just may be this is how the attack on the buck is going to work out. Considering the fact that AGs printing presses running over time for the last few years, comparing today's oil price to oil price in 1990 or even 1997 is not fair. If anything, it should be much higher.