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

To: Richard Mazzarella who wrote (62183)	12/22/2000 8:38:13 AM
From: long-gone	Read Replies (1) \| Respond to of 116762

<<If true and oil price comes down, gold will suffer even more, >> Did we see any real run-up in gold as oil rallyed? NO! Will a fall in oil hurt gold? How?

To: Richard Mazzarella who wrote (62183)	12/22/2000 11:58:25 PM
From: d:oug	Respond to of 116762

Richard, Is it i can not see the oil because of all the drilling rigs? In reference to that RB post from guy claiming to be in the oil business. ... If true and oil price comes down..... These oil prices from $10 to $35 to now between $25 - $30 is a both highter and a lower, just not the hightest I agree, but is what you saying is that a $50 for example not in the cards as in the next few months, as that w/should explode the gold price if its still an inflation monitor thing. This number $50 i speak of i overheard through the Gata Grape Vines that seperate the gold bugs from the gata nuts at the place i visit to feed upon, the Le Metropole Cafe. On the other side of those vines was the Toulouse-Lautrec Table and a person ordered the World Markets Special as a Topic du Jour to the Gold Plate Special "Azteca de Oro" on menu. This person spoke about making a prediction last month of a $50 oil target, but it seems that he now observes reasons for it not to happen by December 25th. He spoke of SPR intervention by the Clinton-Gore administration, that reveals that not only was the release designed to lower prices in a forceful manner by the flooding of oil to an already taxed and strained distribution system, but it was designed as well to force out the small independents in the US and lower their oil price. Something about the WTI (West Texas Intermediate) oil is one of the benchmarks on which spot oil is traded internationally and by sacrificing the US independent producers, the US Government effectively put a cap on benchmark prices and forced them down. Not sure what is meant by US independent producers, as it might be those WildCats or WildDogs i heard about that work outside the mainstream and mimic old 49r(s). This is all mumbo jumbo to me, especially when he next said that this has sealed the fate of the US in a most horrible and certain way because the US has been sent by these actions into a corner from which it will not be able to come out ahead. They just bought some time for the current administration and a lot of problems for the new one, and only an act of God will likely stop OPEC from restricting oil supplies by at least 1 million barrels starting end of January 2001. Also Iraq will see again a golden window of opportunity, cutting oil supplies after OPEC does its part. He spoke more about dwindling supplies and in the midst of one of the coldest winters of the last 5 years, despite the media and several agencies disinformation to the contrary, the US will be forced again to either squander again some more SPR oil or let prices take their natural course. He then talked about a current misconception being fostered right now by the media in that the economic slowdown will diminish energy consumption, but at this point my nuts were getting cold so i moved closer to the fire place to warm them up. doug