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

To: Ahda who wrote (58588)9/21/2000 2:12:29 PM
From: Rarebird  Read Replies (3) | Respond to of 116764
 
<if you store something as a precaution against diaster and you release it you are left without anything to fall back on correct?>

That depends on how you define disaster. If an economy is threatened by a recession due to soaring energy prices, does that not qualify as a disaster?



To: Ahda who wrote (58588)9/21/2000 2:20:28 PM
From: LLCF  Read Replies (1) | Respond to of 116764
 
<Can i ask you if you store something as a precaution against diaster and you release it you are left without anything to fall back on correct?>

My understanding is that the energy problem at the moment is related to supplies of the 'complex' and not crude. Opening the SPR would add crude, but wouldn't have an immediate effect on the other prices. In any case I can't really imagine that $37 oil is an emergency... if that' s the case we're in trouble IMO.

DAK


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