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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Malcolm Winfield who wrote (20154)	3/12/2003 3:19:54 PM
From: Big Dog	of 206131

No, it IS the price of oil. That does not mean that there is a direct and immediate co-relation between OSX success and oil prices. Eventually OSX companies will reap the benefits of higher oil/gas pricing. It WILL happen. It HAS to happen, unless we stop using the stuff. The missing link in the picture today is the failure of translating higher commodity pricing to higher capital spending. As mentioned before, watch the rig count, both land and offshore. When rig counts start moving, so will the stocks of service companies. It used to be that there was a more direct, knee-jerk, reaction to rising commodity prices that very quickly translated to higher CAPEX and higher rig counts. The only thing different now is the lag effect between those two events. I also think dabum's approach is first-class and am learning from him. My view is macro and long-term. big

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