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: BigBull who wrote (66052)	5/11/2000 9:48:00 PM
From: Archie Meeties	Read Replies (2) of 95453

Of course I noticed TESOF, as I have a soft spot in my heart for the Canadian plays. <g> As the Canadian economy is more weighted toward commodities, the loon rises and falls upon the value of such stuff as oil, base and precious metals. Therefore, the Can dollar should strengthen against the usd as commodities surge higher. Why this hasn't really happened yet is a function of the remarkable strength of the usd - don't count on that to last and for the price of energy to stay strong. You can't simultaneously enjoy the fruits of the most inflationary commodity around and think that the value of the currency which is used to denominate it will remain steady. Take your pick, every commodity on earth except musk ox hide and GOLD is in the warm up stage of a long bull market based on a law that will not be refuted by the all the technology in the world - supply vs demand. The CRB is breaking out like Springtime in Vermont, and trust me, Gold will one day refuse to play "rock, scissors, Paper" any longer. Did you get you some Bonus too? host.wallstreetcity.com OK, hands up, who sold this rally today? Who went short?

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