Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: axial who wrote (120826)	5/18/2009 11:03:50 AM
From: Archie Meeties	2 Recommendations Read Replies (2) \| Respond to of 206200

Jim, the most potent arrow in the quiver of the oil bulls at the moment is the possibility of further dollar weakness. Then we get into this wierd situation where the world is oversupplied with crude and yet the US dollar price goes up. I'll leave it to you to work out the investment implications. I do not ascribe to the idea of massive dollar devaluation, and if you look at what the foreign holders of US debt are doing (not what they are saying), they are actually increasing dollar purchases. Yet I partially wonder if a weaker currency is one of the desired outcomes of quantitative easing.