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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?


To: seventh_son who wrote (10410)4/6/2005 10:36:07 PM
From: Proud Deplorable  Read Replies (1) | Respond to of 18308
 
Faber is a waste of time. He's WAY WAY ahead of everyone to the point of irrelevance. Greenspan is an IDIOT and no one in their right mind believes anything he says anymore. He has single handedly destroyed the US dollar and created the term bubblemania, what else do you need to know?

Also the ONLY reason oil stocks are dropping is because of propaganda trying to knock it down CNBC has constant stories on how oil is falling even though it isn't in reality. They are doing their best but they are shills of the US government which is desperate now to keep oil prices in line so as not to destroy the US economy. It won't work because the US doesn't drive the bus anymore, Chavez does,



To: seventh_son who wrote (10410)4/6/2005 11:09:36 PM
From: Claude Cormier  Read Replies (3) | Respond to of 18308
 
Seems to me that Rubin's forecast is rather conservative. Current oil prices are much lower in real term than they were in the 1980's.

A spike in the $200-$400 oil in the next commodity boom will not surprise me at all.



To: seventh_son who wrote (10410)4/7/2005 9:44:52 AM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 18308
 
ss while I'm not as bombastic as ralph :o) I don't think you should take this report with a grain of salt. Actually it conflicts with the doomsters I think because it is not really bearish... just realistic... Yes though oil could plunge ST to ... 35ish ? That would be a big buying opty IMO. Inflation adjusted oil is still far cheaper than the oil shock where I recall it equates to 80$ in today's money...

Now I do hope I am wrong about the gold ratio ...

Kastel