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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: gregor who wrote (37074)2/9/1999 1:57:00 AM
From: Douglas V. Fant  Read Replies (1) of 95453
 
gregor, The trick in the market is to buy on anticipation of price rises- that's what is happening here I believe. We may bounce up and down a few more times like a yo-yo but demand for petroleum products is beginning to increase in a number of Asian countries, the first signs of an upsurge in Asia economically.

Could Saudi Arabia be the swing producer for oil worldwide-sure. But you have to understand Saudi Arabia's geopolitical situation to see that the Saudis do not like low oil prices for too long either....

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