Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Davy Crockett who wrote (3468)	10/31/2001 9:58:18 PM
From: Frank Pembleton	Respond to of 36161

Peter, I'm interested in my outlook on this sector, personally, I can't wait to have an opinion...lol...I guess what I'm trying to say is that I'm troubled by a few things. For instance; the economy is shrinking, yet we have a war that's expanding, we also have a fed that dramatically expanding the money supply, yet we see no inflation. Hmmm... Actually give me a little time, I am working on an exit plan for the O&G group and a re-entry into precious metals. My thinking is everything has it's place, you just need a little patience and the market will led you to invest in the right sector. I personally don't think it's the right time to take a charge at the base metals. But if a person did, you'd really have to consider copper and nickel in respect to the war. I believe there is a war premium being attached to Inco at the moment, and if we see a significant move with those metals we'd better start looking at Alcan. Personally, I'll be doing the O&G thing for the next couple of months, and casually rotating my profits into precious metals until I'm invested with a 20% portfolio allocation. Anyway, I'll start thinking about base metals whenever I see something big like a 50,000 troup call-up, or a war bond or maybe even some big jet fighter contract... Regards Frank P. Pentagon to Go Over 50,000 in Military Call-Up WASHINGTON (Reuters) - The U.S. military has decided to go beyond its original plan and will call more than 50,000 part-time troops to active duty in the wake of Sept. 11 attacks on America, the Pentagon said on Wednesday. The armed services have already activated 41,392 reserve and national guard troops from all of the services for "homeland defense" and other tasks under an order signed earlier by President George W. Bush. That order allowed Defense Secretary Donald Rumsfeld to activate as many as 50,000, but stipulated that he had to go back to the White House and seek further authorization if more troops were needed. "We have informed the White House that we will continue to be moving up" beyond 50,000, Defense Department spokeswoman Victoria Clarke told reporters on Wednesday. The Air Force so far has activated 19,643 part-time troops, many of them to take part in air combat patrols set up over the United States after hijacked airliners were crashed into the Pentagon and New York's World Trade Center, killing more than 4,800 people. The Army has called 13,416 soldiers to active duty, the Navy 5,240, the Coast Guard 2,481 Coast Guard and the Marine Corps 612. ca.news.yahoo.com