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

To: quehubo who wrote (18773)	2/23/2003 11:25:41 AM
From: Frank Pembleton	Read Replies (4) \| Respond to of 206110

q... I just looked at the total gas storage chart from the EIA-- scary to say the least. We're coming off record high inventories to record lows? Here in Canada we're about 35% below the 5 year average and I don't see the any trend reversal yet. I'll have to agree with you and say that drilling activity is on the rise-- Precision Drilling, Ensign, Akita, Tesco and even small players like DLR are finally becoming moderately busy. But I'm still in the "bear market in all equities" camp. Heck! We've seen gold touch $390 only to watch the gold stocks fall. I suspect we'll see the same here with oil breaking through the $40 barrier-- equities reflect $21/$3.5 energy and I don't believe the market will revalue them at a higher price. The risk/reward at this point isn’t enough for me to “buy and hold”-- it now has me doing a “wait and see.” Last word, equity markets look ahead don't they? The way some of you speculate on this thread leads me to believe that y’all should be playing the futures market and skip stocks altogether. I mean that with respect, too much knowledge on this thread to let it go to waste. Regards, Frank P.