Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Crimson Ghost who wrote (58902)	1/23/2000 9:35:00 AM
From: BigBull	Read Replies (3) of 95453

George, this Dow Jones article is concluding that the Saudi's view $25 crude as sustainable and desirable (for them), going out to 2001. ------------------------------------------------------------ dowjones.wsj.com But while the Saudis are cautious on the length of cuts, there's no doubt of their support for high prices. The Gulf source says the Saudis expect to see oil prices hold at around $25 through the first half of 2001. That means peaks and dips over the time and translates to no great concern about oil near $29, depending on the duration. ------------------------------------------------------------ BTW, for once I agree with most of what Cox said. My only disagreement is that 7% bond yields will cause the Naz to have a meaningful correction of 10%. I am coming closer to Wolanchuks view that a global inflationary spiral may in fact be in the cards. Copper prices have broken out, as Wolanchuk said they would. What are your views on Gold here? I'm finally starting to look at the "barbarous metal", and am seeing some tension on the tape. Real tight low volatility tape action. Getting ready to explode? Bull

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