I don't think traders are that stupid as to bid it up that high again. Profit taking has already started. Oil's down a dollar or so from last weeks highs. Some forcasters are saying that despite the governments attempt to keep interest rates low inorder to finance the debt,the demand for investment capital will force interest rates higher this year,some say a lot higher. I believe they're right. I lived through the 70s when Nixon,Ford and Carter were printing money like it was going out of style,and it's been going on for half a dozen years again now. That's going to pull money out of commodities and put it back in conventional investments. If you think high oil prices were bad,wait til you see what the results of high interest will be instead!
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Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
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