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Aden Forecast "Oil strong above $80 and would show great strength above 2010 high of $87."

ReportEnergy
Date08/11/2010
Loaded Date08/11/2010
TitleEnergy and Resources
Quote"The resource and energy sectors popped up in a renewed summer rise as a falling dollar, low interest rates and promising demand are boosting this market.

Copper is the barometer for global economic growth and oil is a good proxy, too. Their rises this past month, reaching three-month highs, are showing optimism that the global economy will avoid a double-dip recession and they are moving on better demand.

BP was finally able to stop the gushing oil in the Gulf. This helped boost the energy sector. The oil price jumped above $80, which is a break out. . .the oil price is strong above $80 and it would show great strength above its 2010 highs at $87. This would mean the rise since the 2009 lows is alive and well.

We believe that buying and holding selective commodities is a safe investment. We recommend keeping your resource and energy positions and buying new ones in the first four listed in this section in the box on the right."