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Gold/Mining/Energy : RON STRUTHERS: BEST STOCK PICKER

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To: Ed Ajootian who wrote (10)11/2/1998 9:05:00 PM
From: Ron Struthers  Read Replies (1) of 151
 
Hello Ed, I still like Rochester and what they are doing but unfortunately it is an oil stock. As you know it dropped off the RSA list with a stop/loss.

I believe that North America will slide into recession next year and this is going to whack commodities and oil down to new lows. For the time being I am just sticking with Natural Gas and Precious metal stocks. These will be the stocks to be in for the next year or so.

When I think oil has bottomed I would then be a buyer of the oil blue chips like Royal Dutch Shell etc. I would also watch for way over sold juniors, perhaps Rochester will be one of these. I know it doesn't sound to hopeful but that is my outlook at this time

Ron
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