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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (20877)6/19/2009 11:18:49 AM
From: Elroy Jetson  Read Replies (3) | Respond to of 71456
 
It's unfortunate DBA and oil producing company stocks have not been informed.



To: Real Man who wrote (20877)6/19/2009 12:19:09 PM
From: RockyBalboa  Read Replies (2) | Respond to of 71456
 
Well, there was a small rocket in the dollar index, what happened in the last 15 minutes? Huge dollar print...



To: Real Man who wrote (20877)6/19/2009 1:52:22 PM
From: Nevada9999  Respond to of 71456
 
They are doing such a nice job 'managing' the gold price that money is getting parked in oil as a store of value. Oil fundamentals are lousy, crack spread is way out of whack, but money keeps going into oil. Letting gold go up could become the lesser evil. The spin in the press will be interesting if it happens.

Most people still think $900 is a high price for gold. The gold industry doesn't seem to think so. There are an awful lot of drill rigs sitting around rusting. There seems to be limited interest in looking for more at $900/ounce.



To: Real Man who wrote (20877)6/19/2009 1:54:33 PM
From: axial  Read Replies (1) | Respond to of 71456
 
Irrational exuberance.

Jim



To: Real Man who wrote (20877)6/20/2009 1:17:32 AM
From: maceng2  Read Replies (1) | Respond to of 71456
 
and the bullish case for oil is? (apart from GS saying it's going up). Opec saying anything has to be taken with a grain of salt.

ftalphaville.ft.com

but on the high price of oil note...

news.bbc.co.uk