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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Tommaso who wrote (10233)5/30/2002 3:25:50 PM
From: Raymond Duray  Read Replies (1) | Respond to of 206325
 
Re: Can anyone explain the big drop in crude prices today? I must have overlooked something.

API gasoline inventories are unusually high. ENL reported on this, and no one is saying where the additional inventory is coming from.

Part of the reason crude prices spiked was the same as October, 2000. Speculators drove the market in a temporary bubble. The smart money is taking profit. And....the usual chumps are taking their lumps.