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Re: Oil looks ominously like gold trade

By: clo in ROUND | Recommend this post (0)
Wed, 03 Aug 11 5:01 PM | 31 view(s)
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Msg. 34222 of 45644
(This msg. is a reply to 34219 by pdowd)

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How can it be a double dip recession when we have yet to recover from THE recession?

As the dollar weakens, oil strengthens.
We are in for a terrible winter of discontent! clo




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The above is a reply to the following message:
Oil looks ominously like gold trade
By: pdowd
in ROUND
Wed, 03 Aug 11 4:24 PM
Msg. 34219 of 45644

By Daniel Dicker, Senior Contributor 08/03/11 - 06:00 AM EDT
NEW YORK (TheStreet) -- Oil is going through another major change in the way it's being traded: It's acting less like oil and more and more like gold. And believe me when I tell you folks, oil that trades like gold is not a good trend to be noticing. It has the potential to create the last headwind to an already slow economic recovery and sink us into a true double-dip recession.

Come on. Read the rest of the story @:
http://www.thestreet.com/story/11207147/1/oil-looks-ominously-like-gold-trade.html?kval=dontmiss Naughty


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