Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (3484)	11/1/2001 10:21:08 AM
From: Frank Pembleton	Read Replies (1) of 36161

Isopatch...Well said... Other than the sm part of portfolio in energy to hedge against the eventuality of a ME supply cut off, am staying away from all other commodities till the market is finished discounting this new deflationary environment that's been thrust upon us. Like I was saying in one of my previous posts, everything has it's place. We still haven't got past the monetary bubble yet, which is why I'm reluctant to invest in base metals. To make an investment in copper you would have to believe that we've just re-entered a new phase of growth. It's still too soon, IMHO! Regards Frank P.

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