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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (110775)	3/8/2020 7:44:20 PM
From: John Koligman	Read Replies (2) \| Respond to of 116822

Thanks. Mostly cash, but I have been looking at the energy complex for some time now, and since it looks like we are going to have a continuing bloodbath in those issues this week I may be able to pick and choose among the wreckage, probably largest majors with decent balance sheets only. A 40% move in oil in a couple of days is unprecedented, maybe you can recall a major commodity moving like this in the past, but I can't off the top of my head. I don't know if the Saudi's want to bring everyone to the table quickly or what, but if this goes on for any length of time it will result in the loss of many decent paying jobs in the oil patch here, a shutdown in exploration, and I guess will set the stage for a rebound in prices over the longer term. Other thing I've been reading is that there is a lot of debt coming due in energy over the next few years, and there are worries about that affecting the markets also. John