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


To: BigBull who wrote (59941)2/8/2000 3:43:00 PM
From: Braddock Bull  Read Replies (1) | Respond to of 95453
 
The thread sentiment is approaching a buy indicator... The sooner we get to $20 oil, the sooner the drillers will get some business. It sounds funny but it's true. Ignore the noise and look at the bigger picture: OPEC is a different organization than it was 2 years ago. They will be successful in stabilizing crude in the mid $20s, and that's plenty profitable for anybody with a rig. Domestic production cannot and will not remain at these historic lows. I'm rotating out of just about all my techs now and slowly buying more OSX.

Brad



To: BigBull who wrote (59941)2/8/2000 3:44:00 PM
From: SargeK  Respond to of 95453
 
BigBull: "OSX 40 here we come."

MISPRINT: Should have read: "OSX 140 here we come."

Bull, you may thank me for the CORRECTION at your leisure!

(I know, you were jesting, of course!)

2001 - "WTI" - $22. PLUS! What the hell does DOE know?

The only thing DOE has missed 'BIG TIME' was the resolve and effectiveness by OPEC & the other Xporters to wrest control of their national resources (read price) from Wall Street & Chicago.

It appears the Russkies have taken a cue from OPEC. Take a look at Platinum vis-a-vis GOLD. Platinum NOT gold is the continuing arena for TRADERS with regard to re-ignition of inflation possibilities. FWIW

Regards,

SargeK

P.S. Future inflationary pressures (even with our myoptic way of measuring)are enormous considering other commodities show signs of following suit (as measured by the CRB). The PPI & CPI will surely follow; as (U.S. economic) history has proven. FWIW

AND, as history has proven, the temporary bubble (read DOT COM) will implode and the crowd will RETURN to CORE value assets.