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


To: dvdw© who wrote (122140)7/2/2009 8:54:16 AM
From: axial  Read Replies (1) | Respond to of 206133
 
There's no proof of anything. Everyone has their own assessment, and even the experts are guessing.

There are logical and statistical arguments.

Choose an argument from reason, or from statistics? If statistical proof were possible, the Saudis would never make mistakes.

---

New markets have increased worldwide demand, especially in China and India. Despite the recession downturn, traditional markets are only awaiting the return of their economies - at some point they will return to usual patterns of use, delayed perhaps by energy efficiency measures.

The cost of crude-based fuels is still manageable; prices haven't reached the point of demand destruction. So prices aren't causing base demand to decline.

That's the argument. Proof awaits.

Jim