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Re: chiphldr post# 798

Tuesday, 06/06/2006 1:00:34 PM

Tuesday, June 06, 2006 1:00:34 PM

Post# of 68381
I picked up some more IDCN here at .002. Isn't it amazing how easily oil, gold and silver can be 'talked down.' But it's all short term. The long term picture remains the same and it is grim. Sure, oil will go down when the US offers them a deal. Does anyone really think it will change things? No. Iran won't budge. Chavez won't budge either. China still needs oil. Oil prices can be slammed down a buck or two, but the age of cheap oil is over. The dollar must inflate or die and Bernanke is pushing on a string. The US has too much debt, huge deficits plus millions of illegals and retiring baby boomers wanting ever more entitlements. Not to mention little spending on alternative energy. Most of that money is going toward the war on terrorism. I'll hold gold, silver and oil companies through these talking head smokescreens.

JMHO