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Strategies & Market Trends : Strictly: Drilling II
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To: jrhana who wrote (33066)10/10/2003 2:33:09 PM
From: Tommaso  Read Replies (1) of 36161
 
>>>I wonder if it would not be a good time to put this Isopatch stuff behind us<<<

I agree. Just spread a thick layer of Preparation H over it and forget about it.

I am astonished at the firmness of energy prices, especially natural gas (given the now-ample storage). I had settled down for a long period of holding, and suddenly everything is up.

I think it may be the dollar that's doing it, especially with the news of Russia planning to price oil in Euros. Without any additional tightness in the markets, another 20% decline in the dollar would mean a 25% rise in oil prices, to $37.50. Much gas is now imported from Canada, and today's rise in the $C alone implies a 1.22% gain in natural gas prices, which could account for much of today's 1.92% rise in NG.

I think we are already in the middle of a serious episode of inflation, as yet unreflected in official government figures. It's hard for anyone to judge the effects of inflation accurately enough to do much more than preserve real capital, but energy stocks may be the best route.

I use oil and natural gas every day. My use of gold is minimal as is my use of insurance, but I keep what I consider enough of both. I have about ten times as much invested in energy as in gold.
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