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

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To: Archie Meeties who wrote (3203)	7/28/2001 9:17:18 PM
From: Second_Titan	Read Replies (1) of 206104

Archimedes - I would not argue that there is a very high probability that storage will be filled. But the cure for $2-3 gas will be the price itself. How much NG would there be in storage today if the high NG prices did not force high alternate fuel use from November through today? I posted the number a few months ago but I believe we would be short 600 bcf. I hope to ride whatever rally we get now and be almost 100% clear of the market from early September through maybe November. I suspect there are billions of dollars of smart money waiting for the moment that NG supply is lagging demand and once that moment occurs one had better already be invested or be ready to buy at higher prices. The post about utilities locking in #6 oil through the Summer has been discussed many times. I have no doubt that it is still a factor as many plants would have protected their fuel costs before NG/crude prices came back to earth.

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