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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.04

+0.7%

Jan 16 4:00 PM EST

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To: Alex who wrote (8610)	3/21/1998 1:09:00 AM
From: Bucky Katt	Read Replies (1) of 116874

Alex--Informative link. The Buffett/Gillette/Duracell/silver link is too strong to ignore. Do you think this oil story may take the bloom off the zero inflation rose? Oils higher after Salomon Smith says "time to buy" NEW YORK, March 20 (Reuters) - Shares of the oil majors outpaced the wider market after Salomon Smith Barney analyst Paul Ting issued a buy on the sector. Ting expected that OPEC and non-OPEC oil producers are likely to meet soon and agree to significant production cuts, which would halt the rapid decline in crude oil prices. ''The oils should be bought now. Texaco, BP, Mobil, Exxon among the internationals. ARCO and Murphy among the domestics.'' Ting said. Oil may be the key to what happens next in the equity markets.

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