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

To: isopatch who wrote (70963)	8/15/2000 7:22:19 PM
From: The Ox	Read Replies (1) \| Respond to of 95453

The rise in crude stockpiles appears to justify some of what the OPEC clan have been saying lately. They don't want to raise output simply based on the US storage numbers, which seem to be very volatile and fairly hard to predict on a weekly basis. Combine this with the current talk of "just in time" deliveries and possible lower stockpiles/reserves here in the US! The last thing OPEC wants is to open the flood gates like they did at the end of 97 (raising output 10% across the board right before the asian crisis). We've read over and over that $32/oil is NOT what the producing countries want (or need). Today's APIs should temper the futures traders a bit, or so I suspect! OT: Hey Slider, I understand your point of view on Gold, stock market bubbles, inflation, etc. but I don't have to agree with it. It's not a matter of you saying "White" and I respond with "Black". I simply don't agree with some (a lot) of the rhetoric that goes into these posts you make. The "bear" case has it's merits but as a general rule, it often ignores many of the fundamentals associated with today's work place and world markets. To ignore the problems that occurred in SE Asia and to write off what happened there as a matter of over valuation being corrected is just way too simplistic, in my view! The "new economy" is a farce. Just the same way that those who buy into generalities are doomed to failure<vbg>. bubbles.....bubbles....bloop! Best regards, Michael