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

To: Fredman who wrote (32264)	11/30/1998 1:36:00 PM
From: Roader	Read Replies (2) \| Respond to of 95453

Can't figure out whether to buy DO or RIG for the portfolio. Any recommendations???

To: Fredman who wrote (32264)	11/30/1998 2:01:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

Fred; OSX actually not doing too badly considering that oil now around $11. Gold and CRB also getting smashed today. CRB either at or on the verge of a new low. Greenspan's easing moves have done wonders for blue chips stocks but have had no impact at all on commodities. This suggests considerably more easing to come. But possibly accompanied by higher margin requirements to control irrational exhuberance for blue chip and tech stocks. I think we should also realize that a prolonged period of extremely depressed oil prices poses a national security threat to the US. Could trigger turmoil in the Middle East, Indonesia, Venezuala, etc. So don't bet on oil staying at these extremely depressed levels too long.