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

To: magumba who wrote (52865)	11/3/2005 1:09:53 AM
From: GaAs52	Read Replies (1) \| Respond to of 206201

RJ's data and demand destruction. RJ's data (miles driven etc.) are all through Aug 2005, which is simply good "old" news. This "old" data is not inconsistent with the old DOE data for these periods. RJ does not say anything about demand destruction in Sep and since then, which DOE data is indicating. Also, people can drive more miles with less gas, if they pay attention to their driving habits, which should take time for the people to change their driving and happening since late summer. However, the most recent DOE data is indicating a tapering of demand reduction, which might be due to seasonal effects. I need to look at the demand values in more detail. (People drive less after summer anyway and there is not much demand to reduce). This looks bullish for energy. On the flip side, Fed and Greenspan is relentlessly increasing rates, without even changing their language, which indicates that they have no intention to stop increasing rates soon even after they reached 4%. This can cause a much larger crash in energy. I think this should be the number watching point for energy. More about Fed later.