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

To: Frank Pembleton who wrote (16152)	7/21/2002 12:37:52 PM
From: kirby49	Read Replies (2) \| Respond to of 36161

Hey Frank, I sure hope we're right on this one my friend. :) Little hint of pessimism there? Welcome back! Hope you took long enough, but sometimes more short term getaways work better than one long one. Sort of like Mr. Market. In the unlikely event that PM's melt down and your holding which has gone from strength to strength does as well, you'll still get out with a nice potful. <VBG> Will tomorrow bring the start of a high volume mutual fund redemption phase. Will a trickle of that look at the falling $US and go to gold. Lots of talk that equities had outpaced POG, and perhaps six weeks ago that was true, but nothing goes straight up or down. Seems out of cycle, but any breakout in the equities clarifies things. Just to show how bad it is, I never thought I would see this admission by a mainstream fund in a mainstream media outlet. As a measure of how widespread the concern has become, Gavin Graham, director of investments for the mutual fund company, Guardian Group of Funds Ltd., said he's had three colleagues ask him in the last week for personal advice. "They just got their June RRSP statements and said, `Wow, I'm way down.'" thestar.com Regards Bob

To: Frank Pembleton who wrote (16152)	7/21/2002 3:55:39 PM
From: TheBusDriver	Read Replies (1) \| Respond to of 36161

Ditto on both counts. Would be my biggest also and I am pretty sure we are right. You never know....from what I can read I am more sure than I was about BAY. We'll see shortly. I figure to off load @ $18.99<lol> Wayne

To: Frank Pembleton who wrote (16152)	7/21/2002 4:05:59 PM
From: russwinter	Read Replies (3) \| Respond to of 36161

<Western Copper> Ditto, and I can't even sell until August 9th so those 23 and 24 holes better come through! You might want to look over Simmons latest comments on natural gas. Some notes: Southeast demand: 19,000 MW of new gas fired generation this year. 75 new plants this year and 73 next. Unprecedented gas sucking over the next 18 months. Texas drilling permits point to big supply decline: Peaked at 4,065 in 2Q, 2001 3Q, 2001: 3560 4Q, 2002: 2814 1Q, 2002 2478 down 39% from 2Q, 2001 Simmons says: Big impact of 45% drop in gas drilling will appear in the 3 and 4th quarter of 2002. Some of this will be offset by new giant deepwater wells, but rate of drilling GGWs has also slowed He expect 10% gas supply decline OR WORSE. Ingrediants for Perfect Energy Storm II: Arrival of material supply drop. One GOM hurricane Hot muggy summer Normal winter simmonsco-intl.com