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

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To: ihor43us who wrote (40627)	3/23/2005 1:47:48 PM
From: SliderOnTheBlack	Read Replies (2) of 206305

re: [" This time no surge of nat gas, no wall of crude "] No "wall of crude" ? ...I guess today's 4 Million Barrel Build was just a mere ripple and not a Wall...not that it was only TWICE what the Market expected and forecasted. HELLO ~ Reality vs. Fantasy: quote.bloomberg.com Oil Falls as U.S. Supplies Jump to the Highest Since July 2002 March 23 (Bloomberg) -- Crude oil fell as the Energy Department reported that U.S. inventories rose to the highest since July 2002. Stockpiles gained 4.1 million barrels to 309.3 million in the week ended March 18, the report showed. Supplies were expected to rise 2 million barrels, according to the median of forecasts by 15 analysts surveyed by Bloomberg. Prices were down on signs that higher U.S. interest rates will slow economic growth and fuel use. --------- But, Permabulls can rest easy... I'm sure the Traders on the Floor will have some "don't worry - be happy" explantation for it... And hey; it's just another buying opp for those only at 150% on Margin. ;} And you wonder why Carl Ichan is in a race to turn KMG into a forward selling Income Trust !?!?!? Or, why XOM's Lee Raymond telling us there is no problem in accessing all the crude oil they need for their refineries and that present Oil prices are not sustainable and not supported by suppy & demand. No gas lines anywhere that I have seen. Foreign Refining Capacity at lower capacity levels than when we were at mid $20's Crude. Yes; we need to add US Refining Capacity, but;we can import all the gasoline we want...however MeThink's we'll be wanting less of it at $2.25+. PS: does anyone here think that China does not presently possess significant non-public strategic storage potential & hasn't been hoarding Oil for over a year - dramatically over-stating real industrial/consumer demand at the margin ? We just added 100 Million barrels to our own SPR...that's 300K bpd for a year at the margin. - that's significant...nearly equal to OPEC's recent 500K bpd announcement. As Ella once asked: - is it memorex, or is it real ? I think this is real (red) fwiw: OIH OIL SERVICE HOLDRS T 93.16 -2.97% XLE ENERGY SELECT SPDR 42.00 -2.05% ^OSX PHLX OIL SERVICE SECTOR INDEX 134.81 -3.01% ^XNG AMEX NATURAL GAS INDEX 317.46 -1.95% ^XOI AMEX OIL INDEX 836.65 -1.91%

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