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Strategies & Market Trends : Signals & Opinions

SLV 45.79

+4.3%

Nov 10 4:00 PM EST

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To: Yogizuna who wrote (1884)	9/13/2003 11:22:21 AM
From: James F. Hopkins	Read Replies (1) of 3523

The big picture can change Let's keep one eye on crude oil prices, More than interest rates or any thing else I can think of ; when the cost of energy goes "down" we expand, when it goes up we contract.. ---- It takes time for the results to show up, however energy cost is the "key factor" for longer term growth. --- It's falling now, but is it going to fall more or go back up with the winter. ? -- I think the right wing understands this and they know taht to stay in power they have it get things moving, more than that if they can get crude oil prices down they screw both Russia and the Arabs.. -- Rig count has gone up 29% in a year.. while our oil inventory hit lows not long ago; there is a lot of smoke and mirror stuff when it comes to oil prices, and I'm not sure where it's going..but for now it's headed down. If it gets lower & or stays under 28 the market bulls will have a field day. ---- At this time I see $30 as critical for flat growth above that we suffer, below that we prosper.. ---- Jim

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