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


To: Douglas V. Fant who wrote (30748)10/15/1998 5:33:00 PM
From: The Ox  Respond to of 95453
 
Note too, that as the dollar drops oil gets easier to buy since most contracts fo roil are denomiated in US dollars....

This is why the last couple of weeks trading in the crude markets have really concerned me greatly! The dollar has plunged and during this period the price of oil has sold off as well. This is a very disturbing trend. I don't think it's a coincidence. This is the main reason I continue to have a bearish leaning when looking at the OS stocks.

Regards,
Michael