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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Lorne Larson who wrote (46342)	6/12/1999 7:14:00 AM
From: Crimson Ghost	Respond to of 95453

Kudlow has shown again what an idiot he is. Now he is demanding the US government take action to validate his disastrously wrong forecasts. Apparently this guy is too dumb to realize that the US government supported these latest OPEC cuts. OPEC never would have made them without tacit US support. Saudi Arabia's target of $18-20 is also the target of the US elite (although they would never admit this) Excessively low oil prices are just as damaging to the global economy as excessively high quotations. But to fanatics like Kudlow commodity prices can never be too low. Oil prices are still quite low in real terms and the world economy can function very well at these or somewhat higher levels. BTW, if the current gold rally continues, Kudlow will really be foaming at the mouth.