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User 305589 » Comments » ABX

  • Dennis Gartman on Gold, Oil, Government and the Economy [View article]
    The guy is way overrated. His remarks regarding oil are hillarious. on the one hand, he -correctly - figures out that you cannot trust OPEC's pumping statistics and their cut-announcements. But this doesn't stop him from believing their absolutely unproven resource claims! Even though they form the basis for the individual countries' quotas - which means they have every incentive to report their resource base as high as possible. Go figure. Yes, we have a lot of crude next to Brazil or in the tar sands. right. it just costs awesome amounts to drill and proceed those supplies.
    others have commented on his silly debt comparisons so no need for me to dwelve on those again.
    Jan 27 10:52 am |Rating: +1 0 |Link to Comment
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