Big Dog's Boom Boom Room Message Board

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

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To: Big Dog who started this subject	5/5/2004 8:42:33 PM
From: quehubo	Read Replies (1) of 206187

For certain the oil patch is very unpredictable. It was not long ago that doom and gloom was preached because storage was going to be filled. I think RJ has been the most accurate so far on commodity action. Even the Bulls at RJ have underestimated the market. What has BoA predicted with any accuracy in the patch lately? We are not looking at a supply response while NG is at $4.50. Spot prices are over $6 along with the futures and we are in the shoulder season. Who knows the probability of oil dropping $5 to $35, and NG dropping a dollar to $5.25 seems high, so maybe we see JWicklund will look smart for a few weeks and he gets to upgrade twice. Of course the first sign of weak injections in May and he will be the head of the class of dunces.

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