Hi Sinbob,

Something is changing Paulson is almost doing an about face on commodities. Except that he has never referenced them this loudly before. Consider this back angle: GS will come out with their earnings tommorow (I think) I suspect they made a profit. What I have heard is they did it on commodities. (Meaning they pushed them around to suit their needs). Consider this: They say buy ACBP and OCD's while they short them. Now they are calling for oil to go to 150. Want to bet they have started to short oil? Paulson is trying to deflect attention by saying there is no speculation in oil. To carry on the back angle investors will see GS has made money in commodities; the question is what will the investors do now? Will they try to emulate GS?

Optimism isn't a fault. Otherwise we would still look at fire and run, never realizing its potential.

Take care

Reg mills