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0.00% 19.5¢ adelaide energy limited

Oil was around 120$ before the last gfc. The weakening of the...

  1. Tango151
    940 Posts.
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    09/06/11
    17:10
    Post #: 8521162
    Oil was around 120$ before the last gfc. The weakening of the USD has lifted it quite a bit of late.

    I guess the key thing is if commodities will survive quantitative easing ending this June or will Bernanke come out with another QE3 (whatever it might be called)

    One thing is for sure. Market is going into a soft patch. But it will not be a full scale gfc IMO.
    ADE Price at posting: 12.0¢ Sentiment: LT Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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