Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: twmoore who wrote (55259)	10/31/2004 8:29:35 PM
From: BubbaFred	Read Replies (2) of 74559

Crude prices may be under short term pressure, with low of 40 IF it breaks below 48. Intermediate term (9 to 12 months), price should reach USD70-75 range. Gold will remain stable above 400 for long term, and gold producing co's like Newmont should continue to improved earnings. Economic slowdown in China is unlikely but may be just alleviating stories not reality. China's demand for energy will continue to rise by 8 to 9% annually, because it starts from such low level on per capita basis. Energy conservation in China is being practiced by the population. There is hardly any waste consumption there. Lighted areas only where needed the most. Air conditioners run at higher temperature than in US or HongKong(say in shopping malls, shops, and public places). Consumers turn off the lights when they leave their apartments, and water heaters are turned off when they go to sleep at night. Etc, etc on concientious energy conservation, or being thrifty. The saying "A penny saved is a penny earned" still has meaning in China. Not so in US.

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