Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Ironyman who wrote (45204)	11/21/1999 3:03:00 PM
From: C Hudson	Read Replies (2) \| Respond to of 116915

Speaking of oil....This from Kitco JCS (oil and gold) ID#261213: Copyright © 1999 JCS/Kitco Inc. All rights reserved the following appeared on the Longwave forum a little while ago. If oil soars above $30 real soon I believe gold will be right on its heels ( soaring that is ) : ******** From: Danny Cox Another intersting post by Downstreamer from TB2000. There have been rumours in the industry that Iraq was holding large positions in crude oil futures through some of its shell companies. If they can drive the price up by cutting off exports, they will be able to profit from their futures positions. I wonder if Iraq, Bin Laden, etc. are thinking of other ways to disrupt supplies over the next month or two. Danny Oil prices are gonna be up through the roof tonight on NYMEX Access and in the regular trading session tomorrow. Because the UN Sec Council was unable to come to terms with the French and the Russians on putting a lid on the rollover of the 6 month Iraqi oil for food deal, a stop gap two week Iraqi oil sale deal was approved on Friday. On Sat Iraq rejected this deal and said they're gonna stop loading tankers as soon as those currently in port are done. ( Could someone link in the appropriate stories. Por favor. ) So a big Bravo for our resident oilmeister - Gordo Gecko. His contentions that Hussein is taking big Brent positions and then is gonna capitalize on all this y2k mess by throwing a monkey wrench into the UN oil for food deal just took on increased credibility. This is the first time in three years the Iraqi oil export program is gonna be seriously suspended. Hussein knows a monkey wrench in oil markets right now will extend to a big disruption of our stock markets and western economies. Considering how tight oil markets are, rachet y2k related chaos up another few knotches. Things are gonna get real interesting. If we lose Iraq's 3 million barrels a day we'll be up through $30 by the end of the week. Sell the SUV and get the ol' bike out. Got length ( oil market ) ? Got shorts ( stock market ) ? Downstreamer ( downstream@bigfoot.com ) , November 21, 1999

To: Ironyman who wrote (45204)	11/21/1999 8:11:00 PM
From: d:oug	Respond to of 116915

<<No one gave a "Rats Ass" about the threat to sell reserves!>> Or most anything else, as those who really control what happens in the world have done a very good job to create this type of response from the citizens. Ever wonder why the TV show The X Files includes everything but the kitchen sink and that the public at large only cares and concern themselves about things and events of a certain nature that excludes something that we on this thread consider important besides gold.