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To: John Paquet who wrote (851)	6/30/1999 4:10:00 PM
From: goldsnow	Respond to of 1239

ah, but unlike some I did not place 1 week, deadline on CTQ...:)more like 12 months target 1.80 at any rate I feel CTQ has most potential to double of all pennies.. also finance.yahoo.com

To: John Paquet who wrote (851)	6/30/1999 6:30:00 PM
From: goldsnow	Respond to of 1239

NEW YORK, June 30 (Reuters) - Bullish U.S. oil inventory data sent oil prices to 19-month highs on Wednesday and the gains provided underlying support to energy sector shares. Speculators continued to add on ''long'' or bought futures positions, sending August crude on the New York Mercantile Exchange soaring to settle 85 cents higher at $19.29, just off the day's $19.37 high. Prices have not hit these levels since November 26, 1997. Refined petroleum products also had a spectacular showing. July gasoline and heating oil expired 1.81 and 2.08 cents higher at 55.62 and 47.90 cents a gallon respectively while their new front-month, August, won gains of about 2.50 cents. ''The market is rewarding OPEC for its resolve,'' said John Killduff, senior vice president of energy risk management at Fimat in New York. He also said $20 oil could be reached soon. infoseek.go.com I am Raising Velvet 12 month target to 8.50 Maintain XTO at 21 Revise PZE to 24 Initiate NYSE FGI as Strong Urgent Buy-near-term target US $18, medium-term 6-12 month $32

To: John Paquet who wrote (851)	6/30/1999 7:00:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 1239

September Copper - O 7140 H 7690 L 7125 C 7665 Chg. +505 Yes, you read that correctly, the market was up over 500 points! Copper screamed to new recent highs on news that Phelps-Dodge is cutting back on production from its higher-cost operations. The Hidalgo smelter in New Mexico is temporarily closing, they are restructuring assets, suspending operations at facilities in the Philippines, and selling a South African unit. Along with the BHP shut down, the bulls have had so much to feed on that nothing has stood in their way. I couldn't have been more wrong about my assessment the other day that the market looked overbought...that was over 600 points ago! With these shutdowns, the expected surplus that was foreseen earlier in the year may not be as large now, but oversupply continues to exist. The shutdowns are a law of supply and demand, when something gets so cheap, people quite producing it, which eventually lowers supply, and subsequently raises prices. The fed did raise rates 25 basis points but copper bulls don't seem to care about the potential effects this may have on the dollar/yen, housing starts, etc. Japan announced last week that production of rolled copper and alloy products was up 4% from the prior year. Chinese refined copper cathode imports increased by over 250% through May, in relation to the same period last year. Looking at the big picture, this rally over the last few days does not negate the 2-year downtrend, but it is large enough so that if you are a bear you better not hang on. The weekly charts show resistance near 7600. The market is trading well above moving averages and there is a bullish seasonal in effect. Prices don't lie and the market is in a bull move....don't stand in the way. investorlinks.com