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

To: Tulvio Durand who wrote (23777)	6/10/1998 4:00:00 PM
From: XOsDaWAY2GO	Read Replies (1) \| Respond to of 95453

Thought reposting Empire's rather prophetic post here might give some hope........to me, us, we........;-o Remember, Empire foretold of all this happening a year ago and everyone gave him a ration......(of words less than proper!) >>>Subject: cycle low Date: Tue, Jun 9, 1998 19:26 EDT From: Empire7 Message-id: <1998060923263900.TAA02443@ladder01.news.aol.com> another thing to consider is the fact that a major cycle low is approaching on, or about, the 18th of june. given that the funds are very short the mkts, and that the COT report comes out Next friday, i believe we are going to have a high probability to put in a significant low in the next 7-10 days. fundamentals still suck as far east demand has now fallen 750,000 bpd, however, non opec production is suffering with the continued low prices. also, the high likelyhood of a "la nina" effect could do a great deal to soak up the excess inventory if we get the typical cold fall as we have in "event" years. i am planning to try and position for bull move in oils and will be taking the next few days off to think of the best strategy. kind regards