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

To: Douglas V. Fant who wrote (52925)	10/13/1999 2:23:00 PM
From: John Doyle	Respond to of 95453

This is great news. The market is really behind the curve in this sector.

To: Douglas V. Fant who wrote (52925)	10/13/1999 3:35:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

Doug, I found this statement from the following Bloomberg article to be fascinating: quote.bloomberg.com ``We managed to work off a huge 500 billion-cubic-foot storage surplus coming out of winter,' said Gavin Kosviner, an energy futures trader at Citibank NA in New York. ``So if we have any weather this year, supplies could be tight.' The exciting thing to me is not the statement itself, but rather what it implies. Electrical generation worked off that huge surplus. With DOZENS of new turbines coming online in the next year, I wouldn't be surprised if there is little or no shoulder season next year and we enter the heating season at all time low storage levels. The times they are a changin! :o)

To: Douglas V. Fant who wrote (52925)	10/13/1999 4:09:00 PM
From: The Ox	Read Replies (1) \| Respond to of 95453

Thanks for the update, Douglas. Slightly off topic: We are seeing commodity prices increasing, Gold and Oil specifically. It was drummed into my head for years that the end of the bull market would be signaled by rising commodities. It was a theory I always questioned as I felt it was a bit too simple. Well, we seem to be entering the phase where commodities are starting to look more and more appealing. The 64K questions: Are we seeing defensive posturing for Y2K? Are we seeing money seeking "value" in the beaten up sectors? Are we seeing the end of the "bull"? Hmmmmm....