Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: marcos who wrote (62921)	1/18/2009 4:08:35 PM
From: teevee	Read Replies (1) of 78426

Hey, long time no chat....and belated Happy New Year.... Will it be Dr Copper who first shouts recovery, or Nurse Oil ... Dr. Copper doesn't see much of a recovery for quite some time-patient appears to be in intensive care as futures curve is very flat all the way out to Dec '10 futuresource.quote.com Nurse Oil concurs if you believe $65 oil is break even for "new" oil, with front month prices dropping towards spot as contracts roll over.... futuresource.quote.com The gas curve is also flattening out suggesting Nov '10 for $7 gas..... futuresource.quote.com Nurse oil will shout first, but Dr. Copper will have to join the chorus before a recovery is believable and not just a trade...... If you are lucky enough to pick the "last man standing" and park some money there, its probably dead money for almost 2 years, and maybe longer....... Now that Teck has blown up its balance sheet, what is new exit strategy for explorers? do you see any "healthy" intermediate producers that could be acquirers in this market? Explorers must have a minimum of 5 billion pounds copper at 1% Cu equivalent before RTP, BHP, Anglo or perhaps Xstrata would even have a look.

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