is opec meeting to reduce production of oil, page-5

pickup,

Here is a statement from todays' issue of AIR Midday Report:

"Deutsche Bank expects both the gold and the oil price to go backwards saying the gold price has been artificially supported “by substantial inflows into gold exchange traded funds”. They predict if the US dollar stays where it is, it implies gold prices moving back to around $700/oz. It also predicts oil prices to fall to $50/bbl in 2009 due to the quick deterioration of economic outlook and say, "We believe OPEC production cuts are inevitable in this environment”."

Irynka