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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?


To: Michael Watkins who wrote (1355)2/27/2001 12:30:44 PM
From: Raymond Duray  Read Replies (1) | Respond to of 12410
 
Michael,

I take it that you are in BC? I'm in Oregon. Regional news today that the BPA is negotiating with ag irrigators east of the Cascades to repurchase power from them. Negotiations at an early stage. The twofer BPA hopes for is water for salmon and power for the grid. Farmers to be paid to let thousands of acres of Palouse wheatlands fallow this season. I'll post developments as they arise.

The Air Canada captains observations are corroborated by whaling captains' logs of hunts in the Antarctic. The extent of polar ice has shrunk dramatically throughout the 20th Century. Man's input into global warming, from what I've been able to glean from the scientific press is less than 10% of the entire effect. So, I see a mixed bag. The planet has been much warmer than at present in earlier eras, and I don't think it serves a useful purpose for us to browbeat ourselves with guilt about how culpable the human race is. We're bit players in global climate. That said, the changes that are occuring are real and will continue. The point of concern one might have about human interventions is whether or not we quicken the pace to some indescribed "tipping point" where the climate machine is dramatically altered. Should the Gulf Stream cease to pump heat to Europe, for example, we really will have a humdinger of an ecological crisis on our hands. However, there's simply no science that I've seen that can point to the factors that can abrubtly change ocean circulation. Even the La Nina/El Nino cycle is poorly understood.

Finally, Anyways, > energy = > bagette prices, n'est ce pas? A loaf of bread in the supermarket here costs on average USD 2. The wheat in that loaf costs seven cents. I'd hazard a guess that the speculators in the wheat, diesel, finance and ancillary markets add at least twice as much cost to the loaf...... just to put things in perspective.

Best, Ray :)



To: Michael Watkins who wrote (1355)2/27/2001 1:47:00 PM
From: Chip McVickar  Read Replies (2) | Respond to of 12410
 
SPX at a critical area.

Trendline on 15min charts
Price wall at 1268
Stuborn resistence from a 30min median line at 1272±

Break 1263spx in the next ½ hour and we'll see 1253±

Otherwise higher..!