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

To: 007 who wrote (16361)3/24/1998 4:50:00 PM
From: Chuzzlewit  Respond to of 95453
 
"... some people even use highly developed mathematical TA systems that have been proven to consistently beat the market."

I'm always happy to look at proof. When I see it I will retract and humbly apologize for everything that I've said. Proof must consist of a statistically unbiased demonstration of TA.

Regards,

Paul



To: 007 who wrote (16361)3/24/1998 8:49:00 PM
From: Thomas M.  Read Replies (2) | Respond to of 95453
 
Yes, but if oil prices are driven up by artificial cuts in production, then when demand catches up, producers will just turn up the taps before they pay for exploration and drilling. If production is cut back, then ultimately so will drilling and exploration. All this is long-term, of course. I'm just trying to explain MB's point.

Tom


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