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

To: buckbldr who wrote (73927)	10/27/2006 10:05:43 AM
From: ChanceIs	Read Replies (2) \| Respond to of 206150

>>>BTW, what is your outlook regarding the gassy stocks now?<<< Not much indication of vast new amounts of NG hitting the market. Rigs leaving GOM. Resistance to new LNG terminals. I think that demand destruction is finished - for at least the cycle to $15 - when we hit $25, there may be another segment of the economy shut down somewhere. We had our correction. I think that the summer injection numbers, and the recent few weeks show that the January overhang will be much more fleeting than previously supposed. Truly, a cold winter - it "feels" like we will get a normal one - and we are right back to the treadmill. For the long term, this is a great place to get into the E&P stocks. For the short term, I am looking at today's GDP, the continuing housing meltdown, the record DOW (and its narrowness), and the high margin debt in the market, and am wondering if stocks in general won't see a correction. If the DOW blows off 200 by Nov 15 - going into winter with a few more weeks of NG numbers - I would increase exposure to NG. BTW: I am having an excellent day so far. My housing shorts and oily stocks are both very green. Quite the opposite from early September.