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Strategies & Market Trends : Ride the Tiger with CD

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To: Proud Deplorable who wrote (22492)12/1/2004 1:48:39 PM
From: Louis V. Lambrecht  Read Replies (1) of 312878
 
fwiw I have been wrong on oil somewhere in the $38 and was waiting for a correction to step in closer to $30. <ng>

This also could happen in the metals. I can't make an opinion on basic materials currently anyway. The more prices rise, the more there are chances that new technologies might appear in exploration.
Didn't caught all, but a comment aired lately re:NASA underwater habitat experiments made a case for pockets of hydrocarbonates to be present in deep waters (>10000 feet) wih no technology available (yet) to explore.
Question is: is the mining industry short-sighted and only explores above water? Aren't there placers, just below the surface?
As usual, questions answered one generation away. And still one generation away for next generation. <vbg>

Now, reading the charts, I stated more than once that PoS was more likely to hit $12 than POG $500. But these only are my 2 Eurocents (4 US cents, including import penalties <g>).
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