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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Cynic 2005 who wrote (49831)2/29/2000 9:02:00 PM
From: Eashoa' M'sheekha  Read Replies (2) | Respond to of 117011
 
>>The OPEC is not as dumb as American public and politicians think them to be.<<

Guess they figured...if you can manage our Gold reserves down to $250,you can manage our oil reserves up to $30.00.

OPEC expects to be paid in Gold and dollars for the oil. Since " they " want to pay with cheap Gold,they get expensive oil.Simple HUH?

Now imagine if the dollar wasn't where it is today.

Guess everyone got used to cheap oil for so long they forgot what paying for essential commodities was like.
People paying fourty or fifty grand for a new SUV,and then wringing their fists cause they have to pay up to keep it on the road.TUFF!! I say.Welcome to reality.

PS: This " highest price in nine years " thang is BS. To reach that level,oil would have to be about $40.00 right now.They seem to forget this simple math.

Inflation incoming to a town near you.



To: Cynic 2005 who wrote (49831)2/29/2000 9:12:00 PM
From: Rarebird  Read Replies (1) | Respond to of 117011
 
*OT* Mohan, you can't fool the oil and natural gas market. Natural gas surged almost 3% today. I bought DYN today at the open. Check it out. It is a jewel.