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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM) -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (1232)	11/7/2000 2:54:31 AM
From: Robert J Mullenbach	Read Replies (3) \| Respond to of 1612

thanks for the info, here is some secret stuff. think I will add some more AEM , DBLE, CDE, shoot the Moon. XXXXXXXXXXXXX Le Metropole Members, An article by George Clemens has been served at The Toulouse-Lautrec Table entitled: "The China Factor Why Won't Crude Oil Prices Come Down?" Azteca de Oro alerted me several days ago to this analysis by a very knowledgeable oil-gasoline expert and I have been waiting for the right moment to bring it to your attention. WTI December Crude oil closed today at the NY Merc right under $33 per barrel and has range traded the past couple of weeks. The API numbers have been unexpectedly bullish week after week. It is very unusual for pre-trade reports to continually underestimate the inventory numbers. >From George Clemens commentary: "For the past few months, crude oil prices have hovered above OPEC goals despite increases in the availability of additional production. Initial research into the problem suggests a shortage of transportation capacity. It appears that although all refineries are able to obtain as much crude oil as they need to operate, they are not able to import additional crude oil without bidding prices up. It's not good business to pay a higher price for something you intend to store in the future unless you are sure prices will increase. In recent months, refiners seem to be betting on crude oil prices going down. But spot prices continue at high levels. A slightly deeper look into what's happening suggests prices may not go down for two or three years. In fact, they could peak well above current prices unless the international refining community makes some very important operational changes." "The Problem is China's Rapidly Emerging Economy" THEN this: "FOR NOW and in the near term, to meet their new gasoline demand and their new environmental goals, China must purchase the lightest gravity (40+ API), and sweetest (lowest sulfur) crude oil on the market. And that is what they are doing. China's appetite for the best crudes in the world -- primarily those from West Africa --is sustaining prices, and may drive them up further." Today's Reuters Oil news: NYMEX crude oil futures ended modestly higher on Monday after news of export disruptions in Nigeria reversed early losses. Front month December crude settled 15 cents up at $32.86 a barrel just off a session high of $32.97 a barrel struck on the news of a closure to 250,000 barrels per of Nigerian crude oil output. The force majeure -- for the rest of November -- has..... END. This will only exasperate the China oil problem as it is the grade of oil that they are going after. It is also will tighten up the US oil market as it is similar to the Merc delivery grade oil. With winter on the way, look for some oil market fireworks. China will be opening up its gold market very soon. Demand for gold, as it has for oil, should begin to accelerate next year making it that much harder for the Gold Cartel to continue their price collusion. It means that we are that much closer to exposing what may end up to be the most grotesque financial scandal in US history.