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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (378524)	4/16/2008 7:34:19 AM
From: steve harris	Read Replies (1) \| Respond to of 1576769

Oil hits new high above $114 and never forget the democrats' solution is to raise the price of gas and the price of food to "fix it".

To: Road Walker who wrote (378524)	4/16/2008 6:19:44 PM
From: tejek	Read Replies (1) \| Respond to of 1576769

The funds and technicians are in the driving seat," said Christopher Bellew, of Bache Commodities Ltd. "There has been growth in the level of speculative money going into commodities markets." The weak dollar -- together with strong demand -- has driven oil and other commodities such as corn, gold and rice to record highs in recent months, as investors and speculators have sought a hedge against inflation. And its not just a hedge against inflation......there are not many alternative investment opportunities right now so all the money is going into commodities. I finally broke down and bought some MTL a couple of days ago. It popped up $10 today. I also want to buy more of some PBR.....they discovered a large oil field off the coast of Brazil. Looks like Brazil will become an oil exporter in the next 5 years. With IBM's good earnings report tonite, stocks should be up again tomorrow.......and I bet oil is down.