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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (323)	10/28/2000 10:19:54 PM
From: excardog	Read Replies (3) \| Respond to of 74559

oil, dollar, gold Oil should remain high for several years in my opinion due to the fact that supply and demand are at an apparent equilibrium. Once the truth is known about exactly where OPEC's pumping capabilities are I would not discount much higher prices. There continues to be some serious "bs" bandied about as far as increasing production etc. If the futures continue to remain above $30 I ask you where is all this increased production at? Remember lots of countries with lots of world bank loans find them far easier to repay with $30 oil as opposed to $10. The dollar at such high levels is great for countries that export to us. I doubt they mind whatsoever unless of course they wish to travel here. The countries that export should enjoy loads of growth in turn should aid in the fueling of their economies. Gold is dead money at this time. If and when the dollar rolls over and if and when rates start to rise then maybe you will see the tide turn for gold. Gold actually isn't dead money it's been a loser. I could be forced to maybe change my mind if somebody were to take a huge physical position ala Buffets silver play but really what did that do for silver other than spike it briefly. At this point that has been a lousy call on Buffets part and a loser if one factors in the carrying costs. Buy select oil and drilling stocks. Skip the gold for now and don't short the dollar. YET Just my 2 cents.