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

To: upanddown who wrote (6366)	1/30/2002 4:56:22 PM
From: chowder	Read Replies (1) \| Respond to of 206089

XNG hit a near term bottom today. dabum

To: upanddown who wrote (6366)	1/30/2002 5:05:16 PM
From: Tommaso	Respond to of 206089

Yes, something is certainly nibbling at the supplies. Have you seen any stories about reopening of fertilizer, plastic, or fiberglass production, all of which (I think) are heavy users of gas? Also, a hot summer could make a lot of peaking generators kick in. We might have to wait a year, but if the stock markets take a hit, and give me big profits on my bearish bets, I might get back into NG in a big way. I don't mean the futures markets. I am permanently through with all kinds of futures and probably with anything requiring margin. But one can always play the royalty trusts. I still have a big position in BR, though obviously I wish I didn't.

To: upanddown who wrote (6366)	1/30/2002 5:40:47 PM
From: Sweet Ol	Read Replies (1) \| Respond to of 206089

John T., when you say heating degree days are below last year, do you really mean it has been warmer? Many moons ago when I was working forecasting methods for heating oil I knew what all that stuff meant. But old age has taken its toll and I may be asking a dumb question. If so, forgive the old goat. The mean for the last 8 years is -136, so this week is about -20% from the mean. Since the temp is down 25%, we may have had a +5% draw adjusted for temps. That is about in line with the 3% average increase in consumption forecast by Simmons and others. So, it seems to be a neutral statistic if my thinking is correct. BWDIK. Best to all, JRH