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Gold/Mining/Energy : RON STRUTHERS: BEST STOCK PICKER -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (24)	11/9/1998 10:18:00 AM
From: Ron Struthers	Read Replies (1) \| Respond to of 151

Wayne, I think the Asia and spreading economic slowdown is the main reason most commodities are down, including oil. I doubt oil would have dropped this far on just the over supply that was already in the market. The global slow down has put further downward pressure as oil traders expect demand to be sluggish. If the global recession picks up more momentum, I expect it will be good for gold. The problem is mostly to high of debt levels and this will result in continued currency turmoil. Also the US$ and interest rates have to come way down to try and avoid recession. This is also bullish for gold. Investor demand for gold has soared and hedge funds and market players that had been shorting gold are closing positions and many moving to the long side. We should see $330 gold in 1999 and most likely $350 Ron