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

To: SliderOnTheBlack who wrote (32762)12/11/1998 5:01:00 PM
From: Cragganmore  Respond to of 95453
 
Slider, what do you think of TCMS & MRL?
New lows for both today.



To: SliderOnTheBlack who wrote (32762)12/11/1998 5:03:00 PM
From: Captain James T. Kirk  Read Replies (1) | Respond to of 95453
 
I suspect that we are in for some drastic action by OPEC. I don't belive that these countries could survive a year long wait for an Asian recovery. I think the Nigerians idea of a pumping shut down will come alive very shortly, and we will see an historic event take place. There is no way that these folks will wait for a March meeting, without taking some sort of action. The markets are forcing them to move into action.



To: SliderOnTheBlack who wrote (32762)12/11/1998 5:57:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 95453
 
Slider: It's not just oil. Most commodities are in free fall. The CRB is now well below its early October level. It is at 20 year lows in current dollars and probably at record or near record lows in constant dollars. Looks like the global monetary authorities will have to create much more liquidity to turn these markets around.


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