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Re: oilphant post# 141190

Thursday, 10/09/2008 6:55:05 PM

Thursday, October 09, 2008 6:55:05 PM

Post# of 361643
Oilphant........

It'as apparent that you don't know much about economics.

Go back to last year.....before the Federal Reserve starting cutting rates.....oil was $65-70 dollars.

The Fed started cutting rates....an inflationary move. The dollar weakened. Oil and Gold shot up as a result. What brought Gold and oil back down?? The dollar "rally".

Not that there is much to the dollar rally. The dollar is not a sound currency....there are no "legs" to make it a long-term rally.

Currently, all the moves the Fed has made recently have been inflationary.....the dollar will weaken...Oil and Gold will rise.

It's history repeating itself...........

Stick to repeating your "chatter"