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


To: GaAs52 who wrote (52868)11/3/2005 3:37:48 PM
From: GaAs52  Read Replies (1) | Respond to of 206201
 
Greenspan on Energy (Today's appearance in Congress)

The Fed is keeping a close eye on high energy prices to make sure they don't spark broader inflation.

"We are very firm in the notion that this country should not visit the 1970s again in the way of inflation," Greenspan said, referring to a period where the economy was rocked by skyrocketing prices.

"I think people are going to be quite surprised at their heating bills this winter," Greenspan said.

The Fed watching should be the number priority for energy bulls and it does not look good. See how OIH rolled over from today's top after Greenspan remarks.