Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Art Bechhoefer who wrote (28342)	2/19/2003 9:22:24 AM
From: Frank Pembleton	Read Replies (1) of 36161

Art... at times you'd think my crystal ball is slightly out of round, giving me false signals. <vbg> Fwiw, I certainly wouldn't be long on crude despite strong demand and dangerously low inventories. I woudn't be long gold despite Bernanke's "printing press" comments not that long ago. Silver? Like palladium, I just can't bring myself to believe that it could sell this cheaply-- I mean gold is only 15 times more scarce, yet the gold/silver ratio is at 76??? Hmmm... Anyway, I agree-- cash is king. Regards, Frank P.

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