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

To: Jim Willie CB who wrote (20811)	10/28/2002 4:15:29 PM
From: nspolar	Respond to of 36161

jw, 100% in agreement! eom.

To: Jim Willie CB who wrote (20811)	10/28/2002 10:27:08 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 36161

re: ["...oil/energy sector has some mysterious forces - Saudi excess capacity looming - Russian new production emerging - upcoming Caspian supply (later)"] ... deflationary pressure on crude during a global recession. I spoke to the issue before... that it would be when & not if... that OPEC countries would begin to hedge falling Oil Prices with Gold (vs. US Equities & Bonds - accelerating repatriation) and would/could begin to demand payment for their Oil in Gold as well... which may be one of their intial political reactions to the War with Iraq. Gold for the Islamic Oil Producers will become a political weapon against the US Dollar and fighting a "war" versus the US Dollar is a better risk vs reward proposition; than fighting the US Military Machine. Sinclair's observations on the Gold Dinar, fall spot on with the obvious direction this "war" will ultimately take imho... as it won't just be fought on desert sands, but in global currencies & markets as well.