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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: ecrire who wrote (3865)	11/28/2006 6:51:06 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 50503

well put. otoh, resources available for harvest, to a degree, might work across the board, i.e. buy canada. the currency.

To: ecrire who wrote (3865)	11/28/2006 11:57:58 PM
From: CapitalistHogg™	Respond to of 50503

Both pm's and energy stocks closed near or at their highs today. I think that points the way. You might be right about this, but...CL has seen the strongest volume on down days and the lightest volume on up days. Until that reverses it is hard for me to get too excited about the oily commodity. IMO if fundamentals drove the CL price up why hasn't it continued? We are still running out of oil, geopolitical problems haven't gone away, our infrastructure is screwed, we are past peak production on and on blah freakin' blah. What the oil bulls have failed to grasp is the fundamentals, at this point, are completely irrelevant. The magnificent drop in crude is pure market mechanics. The bulls seems to have forgotten that not everybody can be on the same side of the trade. I LOL everytime I see the words"it's different this time". It's a cyclical market, always has been, always will be. FWIW eventually the cuts in production from the Saudi's will kick in and CL will start climbing again so don't think for a second that i'm a permabear ;-) <g> cheers