Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Broken_Clock who wrote (27046)	8/4/1998 8:05:00 PM
From: Badfinger	Read Replies (1) \| Respond to of 95453

Again this just shows me how closely the worlds economies are tied to oil prices. Not that the current problems in the far east are the result of low oil prices but that the lack of cash that these countries will generate because of low oil prices is going to significantly hurt the US oil industry and our weakening economy. The hope here seems to be that by keeping more money in the hands of the American consumer, low gasoline prices, that maybe we can spend our way out of the upcoming problems. These low prices are fabricated to help the world economy. This will be a real test of the baby boomer mentality that has kept this market so healthy for so long. Do we look at this market and keep buying since there are so many bargains out there or do we duck for cover like the institutions. Personally I find it hard to overlook all of the bargians in this sector and look forward to some upcoming opportunities.