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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (714)	8/27/2001 10:19:11 PM
From: Frank Pembleton	Respond to of 36161

i just don't think oil was in a bubble. Agreed, it's just that the oil sector is so damned cyclical; I can’t help but confusing bull/bear--bubble/bust. :0) I think if governments weren't so careless with economic policies, commodities would be properly priced without the extreme volatility we've seen these past few years. It's been profitable for the few that recognize demand for oil by the growth numbers in a boom cycle, and the contraction of growth in a bust. I'm hoping after this "probable" multi-year gold bull, that it will allow me to shift gears and invest in some of the base-metals (copper and aluminum) plays, along with tech and another bull/bear--bubble/bust cycle in oil. That's the theory, anyway... By the way, my definition of a precious metal is that chunk of Ø6"-4140 NACE spec, I've had on order since March, Corus Metals can't seem to make the stuff fast enough. Oh! Before I forget… thanks for the Jim Rogers article on Argentina, he’s a terrific writer and he aptly describes their situation. For those of you who haven’t seen it, check it out at: Message 16266003 Best, Frank P.