GREY:CLLZF - Post by User
Comment by
stickleron Jun 19, 2008 4:33pm
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Post# 15206149
Read this-OIL speculators
Read this-OIL speculatorsCrazy markets huh? So What China announces that its increasing prices 18%, big deal. Do you think the Chinese gov't wants to make less money...NOT! They were pressured to raised prices, but does anyone really know what they pay there for a litre of gas. I'll bet its less than the rest of the world! People stay the course, this oil escapade is not over IMO. I'm trying to figure out how they calculated the 300 point loss on TSX today thought. Didn't see a hug drop in prices in energy stocks. In fact based on oil prices up over 40%, and most stocks not up even 30%, especially many juniors, there has to be lots of short term upside as well.IMO