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

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To: tommycanuck who wrote (17845)2/5/2003 3:25:03 AM
From: jim_p  Read Replies (2) of 206197
 
TC,

I agree with the supply/demand problems we are about to have with NG, but there is little doubt that when Iraq falls (or Saddam goes in exile) in the next several weeks, the price of oil will make a dramatic decline. In addition, OS earnings have been poor and are expected to be poor in Q1. To add to that, the market today is not what the market was in prior cycles. The top this round my be OSX 90, or 100??

I think most of the normal OSX cycle players will continue to wait till after this happens to hop on board the OSX train to riches. Until then I expect the OSX to stay in it's current tight trading range.

Your good buddy Saddam may be the one who steals the wheelbarrow this time?

Jim
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