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By Chris Johnson
We've commented on the softness in the semiconductor sector, which has been headed south while the rest of the market has rallied.  With seasonal electronic sales about to get a boost from the holiday shopping season, it's strange to see the semiconductor group in its current weakened state.
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The Coming Fall in Crude Oil
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Tuesday, 17 July 2007
 A contrarian speculator couldn't ask for a better sell signal…
The International Energy Association reports worldwide demand for crude oil will to accelerate in 2008. The news comes on top of its claim that an oil "supply crunch" is around the corner.
In other words, the news simply couldn't be more bullish. While the agency's report paints a rosy long-term picture for crude oil, bullish news like this usually accompanies a short-term top in a given asset. Coupled with enormous bullish bets held by hedge funds right now, a contrarian has to expect an oil correction around the corner.

Last month, we described the new economics of oil… how $50 a barrel is the "new cheap." It's the price at which oil consumers step in and buy with both hands. Conversely, the market considers $75 oil to be "expensive," and the market receives huge selling pressure. Expect that pressure to arrive soon.
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Precious metals also aren't worried about inflation. In fact, they don’t appear to be worried about anything at present.
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As oil investors, we couldn't care less. Even if oil declines 20% from its current level, integrated oil producers are awash in money.
Source DailyWealth.com

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