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Gold/Mining/Energy : Electricity Distribution and Transmission

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To: tom pope who wrote (51)	11/2/2003 8:07:28 PM
From: Larry S.	of 66

Tom, thanks for posting this very informative and very concerning study. I personally think that a 10% position in energy is a very reasonable portfolio position ( not talking about trading position). I also think 5-10% in gold is prudent. The study you referenced talks about the coming crisis in energy, though not directly. Absent from the numbers is the political uncertainty, given Al Quada, Saudi Arabia growing youth population ( I believe 50% of the current SA population is under 25 and their religion/politics would not make Prez Bush happy.) This is a tempest waiting to happen, and when Saudi Arabia comes under attack, gas prices in this country will skyrocket. can you say $8 a gallon??? larry

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