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


To: Tomas who wrote (71334)8/22/2000 9:09:26 AM
From: Think4Yourself  Respond to of 95453
 
OT: If any of y'all need to buy memory, better do it now! Debby's mommy about to blast Taiwan, a major supplier of memory chips.

Taipei, Taiwan Markets Close as `Super Typhoon' Nears

quote.bloomberg.com



To: Tomas who wrote (71334)8/22/2000 9:29:57 AM
From: BigBull  Respond to of 95453
 
Tomas, I must confess, that article BLOWS my little mind! ;o}

Ok so Goldman denies a report that crude is going to 40 because it upset the markets. Now they come out with an "official" report that it may go to 50?! Go figure.

OK they only say it's a ten percent chance. But doesn't that give a much higher probability to $40 crude? Is this report a denial denial, an acceptance acceptance, or an acceptance denial?

I guess we can safely conclude, however, that Goldman Sachs thinks crude prices are going higher than they are now.

What I find most interesting about the report, is that this idea of production constraints is becoming more prevalent in the minds of major Wall Street houses. I wouldn't say that Wall Street has had a "Damascus Road" experience yet, but dawn does finally seem to be coming to Marblehead. ;o}

Maybe we'll see some upgrade downgrades? Or some triple whammy super reverse spin about face downgrade upgrades.