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

To: bw who wrote (20486)	4/27/1998 11:18:00 AM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

bw...Maybe to a certain degree. But i think that we are headed towards an oil spike higher rather than lower. The 3rd world economies that are getting squeezed by low il prices will eventually come unglued. Sooner rather than later. And theyn will blame it on the USA. We are not participating in the cuts. In fact, we are contributing to the price pressure by overstocking, thereby forcing the price down further. I think that's called greed. The pendalum will swing, my friend. I like ESV cause it is GOM centered. Strategically, that is good long term as the world situation changes. Call me a contrarian, but I don't think we've even begun to see the real boom in oil drillers. Oil and gold are moving up with the bond today as the DOW & NAZ tank. Oil up 19 cents. OT Check out ORBI & SWC for dip buying. My favorites outside of oil. My favorite gold is ASL.