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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (71801)	12/19/2009 10:03:59 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 74559

Interesting prediction from BofA BofA Merrill expects the dollar to strengthen against the euro, and the Chinese renminbi to appreciate 5% against the buck. It also looks for continued commodity inflation to push oil toward $100 a barrel by late 2010, and gold toward $1,500 an ounce in the next 18 months. That will provide support for energy and gold stocks, but pressure industries such as autos and airlines that lack pricing power but are susceptible to rising commodity costs.