Crude Could Have Seen Its Final Lows Last Week

Van Eck Precious Metals and Oil Hotline (10/20/2008)
"...Over in the energy sector, crude oil is trading at $75.62. There have been a lot of predictions in recent weeks about a new Great Depression taking crude oil to $50.00 per barrel or lower. We believe crude oil is a lot closer to a low than most people currently expect. There is a legitimate chance that it saw its final lows for the cycle last week."

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