2008-08-07

Oil and Gold and Paris Hilton, Oh My!

http://redhotresources.blogspot.com/2008/08/oil-and-gold-and-paris-hilton-oh-my.html

Note following paragraph:
But the fact that an important Turkish pipeline can blow up and oil DOESN’T jump $10 a barrel shows, I think, that the overall mood in the oil markets remains short-term bearish.

I am long oil, but agree completly.

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