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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.98

+0.6%

Nov 21 4:00 PM EST

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To: Bobby Yellin who wrote (6260)	1/19/1998 12:26:00 PM
From: Abner Hosmer	Read Replies (3) of 116764

Bobby - Your question: >> Did you mean that if oil is priced to high, there would be a cutback in use?<< No, just that I don't see any supply pressures, so I expect that one will only pay more for oil if their currency is devalued or inflated. It has been a long time since anyone in OPEC paid attention to quotas, those with excess capacity are tired of losing market share. Where we go long term with supply I don't know, but it seems like they keep finding oil in more places in the world. Do you know if there is a good thread to focus on developments in this market? Tom

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