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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: benwood who wrote (105540)	5/30/2001 12:26:09 PM
From: yard_man	of 436258

Electrical gen still only 16 or 17% of NG consumption annually ... and even though that fraction will grow more in the next couple of years, more production has been planned and is coming online in the next couple of years ... the coming trend in industrial demand is what needs to be assessed. I don't have a feel for it right now. It is not inconcievable to me that our current economic contraction could blunt demand enough to prevent what happened last winter ... But for the intermediate term the trend is down ... Speaking of DOWN -- look at gold spot. Headed below 265 now -- I think XAU and HUI get major damage by days's end.

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