4/05/2004

Classic network news timing..... Specials all over the tube about oil and gasoline prices as crude drops from $39 to $34. A bunch of dumb bastards. I've been saying for months that oil prices are a function of the dollar. The dollar has risen from 129+ to under 120 (1.29 to buy 1 Euro) right now. Look for 118 as I also said almost a month ago. a 7% rise. The drop in oil is an 8% drop. Do the math. Learn the truth. In fact gold is also a barometer and it is down from 329 to 310, a 9% drop. As the economy gets strong the dollar will also get strong, but not too strong. Gasoline prices are already down a couple of cents in LA.

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