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

To: Fiscally Conservative who wrote (111910)	10/15/2008 4:51:23 PM
From: ChanceIs	Respond to of 206326

>>>The drop in thus far in the price of crude has me utterly perplexed.<<< I will be watching the Nov contract settlement price with great interest. No doubt there has been huge paper trading in the crude markets. Those who buy at settlement will be those who truly live by supply and demand and actually take delivery. At that time we will find out what the "natural" price of oil will be. I wasn't watching carefully back in June, but some experts I know suggested that a sure sign that speculators were not moving the markets was the very high prices paid at settlement - often higher than the trading price a week before. It is hard for me to believe that when we are down almost 50% in the last four months. Look at what Matt Drudge keeps posting. Bless his pointy little head. Somehow I doubt that the market is capable of looking past two days out and even contemplating winter weather: Parts of California see coldest temps since 1893... Cold temps in Oregon break 118-year-old record... Alaska glaciers grew this year, thanks to colder weather... drudgereport.com Drudge really hates the global warming crowd.