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Unlike gold, the uses of oil permeate the economy. The huge decline in oil
prices certainly has lead to a decline in industrial and consumer and the
rise will inevitably lead to a rise. I too have read that oil is cheaper to
produce, however it is getting more expensive to find, develop and transport
as the close/easy production runs out.
Earl
----- Original Message -----
From: Bradley C. Mitchell <bradmit@xxxxxxxx>
To: <eadamy@xxxxxxxxxx>; RealTraders Discussion Group
<realtraders@xxxxxxxxxxxxxx>
Sent: Tuesday, May 11, 1999 5:23 PM
Subject: RE: Sv: FUT Gold, is the game up?
> I hate to make general assumptions but in the past 5-10 years (my trading
> life) all i pretty much hear is that gold is dead as a inflation
indicator.
> If that is so why do we continue to hear gold brought up as one? As with
> oil i tend to follow that with all the tech that is constantly be updated
> the production of oil is getting cheaper. I read somewhere that oil cost
> about $6-7pbl to process, and will continue to drop. Will that then make
> oil not an indicator of inflation?
>
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