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Gold/Mining/Energy : American International Petroleum Corp -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (7541)	2/24/1998 9:15:00 PM
From: qdog	Read Replies (1) \| Respond to of 11888

I haven't a clue DD. 6 Month put's Aug/Sept. End of the peak driving season. If I could figure out bond traders and commodity pit snakes I'd be rich and not posting in SI!! I track them (do buy bonds when the interest rate is around or above 7%, won't buy them now) for information purposes for stock. Rising commodity prices are inflationary and beneficial to those companies. Declining comodity prices are bad for those companies. Look at Gold producers, they aren't looking too good (Actually they maybe looking better now that they are so cheap). You'll have marginal wells shut in, OPEC might actually cut production and be serious and then Iraq will be up for another renewal. Asia may start to rebound, but that is still far from settled. I have to say that you will be at $17-19 range, maybe higher. Right now the commodity boys and girls are very bearish on crude. It going to take some doing to force them to run the price up. Frankly, they are as misplaced in this pricing as they were over a year ago with $25 oil. You see the problem is the refiners are locking in cheap future contracts right now. That will force the price low for sometime to come until there is a pickup in demand in Asia. (Looking hard and serious at chemical companies, as they tend to benefit with cheap oil) Good news all those cars being repossed in Thailand, Korea and other places are making there way to China, cheaply. That could be the spark for a turnaround. Nat gas is probably going to go higher if El Nino delivers a very hot summer. You'll see favoring drilling for nat gas than oil for the near term. Then again, that is just my opinion. I'm a notorious bear with evil agenda's that force the market to do my bidding. -:) (Sorry I can't help it, but a birdie told me that Faris has resorted to badmouthing me in AOLLand)