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Is Oil Close To A Tradable Bottom?

Submitted by Charles Hugh-Smith of OfTwoMinds blog,

Consider this chart of the gold-oil ratio.

 

 

By all accounts, the world is awash with oil: production remains high while demand is softening along with the global economy. This has led many observers to forecast further declines in oil from the current price (in USD) of around $35/barrel.

This Is Why $20 Oil Is A Possibility (Zero Hedge)

Is ISIS Simply A "Saudi Army In Disguise"?

Authored by F. William Engdahl via New Eastern Outlook,

In recent weeks one nation after another is falling over themselves, literally, to join the turkey shoot known, erroneously, as the war in Syria, ostensibly against the Islamic State or Daesh. The most wanted but most feared question is where will this war frenzy lead, and how can it be stopped short of dragging the entire planet into a world war of destruction?

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