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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Brian Bounds who wrote (3752)	8/23/2001 9:35:58 PM
From: chowder	Respond to of 206326

Brian, a big part of the story is that commodity pricing has come down. Future earnings estimates are being lowered. It's tough to have rising share prices into lower earnings. Another part of the equation is there is a perceived lack of demand. Companies drilled as much gas as they could when the price was triple its going rate today. Increased inventories must be worked off to bring the supply/demand back into proper balance. With the weakening economy, demand has been decreasing. dabum