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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Czechsinthemail who wrote (7746)	1/15/1998 6:16:00 PM
From: Bo Bob Brain	Read Replies (1) \| Respond to of 95453

Little hope to offer buyers in the crude oil market. Only Saddam Hussein could bring some life back into the energy market. Even his actions over the past few days has failed to bring any spark back to the market. Lower again today, with all this news coming out. I think that by next week if this crisis is not resolved, by Wednesday the administration has said, it will take some action. If we do not get a resolution by Wed. we could could see the impact of the middle east showing up in the energy market. Rallies would still be good selling opportunities. We could get a rally up to about $17.00 - $17.50 and then begin to look at the short side. Crude down 11 cents at $16.34. Heating oil down 5 at .4623, unleaded lost 66 at .5039