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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (80375)11/30/2000 9:53:03 AM
From: Big Dog  Read Replies (2) of 95453
 
I forget which 'respected analyst' wrote this back in September, but thought I would post it again to help us through these 'dark days':

A key to WTI targets in 2001 will be interest rates. Interest Rates adding to the inflation view will drive funds to hedge in Oil and Soft Commodities and target $55-$62 WTI in 2001. We now have 10 years highs in Oil without a supply problem. The end of this bull move in 2002-2003 will likely end in an Oil Crisis, not a Product Crisis. US interest rates over 8% and an Oil supply problem focus on the major extension targets of $120-$144 WTI as the outside target for a brief spike.

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