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.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (57195)	7/26/2000 5:17:10 PM
From: Fun-da-Mental#1	Read Replies (1) \| Respond to of 99985

Gold about to blast off? XAU long-term: 207.61.23.98 medium: 207.61.23.98 short-term: 207.61.23.98 -Fun-da-Mental

To: bobby beara who wrote (57195)	7/26/2000 5:43:08 PM
From: Haim R. Branisteanu	Respond to of 99985

BB, my take on energy prices is that they will only move higher. Earlier I posted that $20 oil 10 years ago adjusted for inflation and appreciation of the USD, should result in $35 oil. Therefore oil below $30 is below relative equilibrium price. Further the GDP of the world industrialized nations more than doubled since and so the consumption of energy. Fact is that additional use of natural gas and even increased generation efficiency (by 15% to 20%) was unable to compensate the growing need of energy. $12 to $15 a barrel of oil was an aberation which rended many marginal producing fields as absolete. New oil will come on stream in 2 to 4 years and at that time oil consumption will grow at least by 20% or 25% of present OPEC output. The only saviour to oil prices is a recession in the northern hemisphere. BWDIK Haim