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

To: SliderOnTheBlack who wrote (38524)	2/28/1999 10:00:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

Ah yes, I'm old enough to remember the '82 bottom (sigh). The psychology changed on a dime! It was in August if memory serves me. I'll never forget it. The air was electric, man, electric! Even a callow youth in his twenties like me picked up on it. Recessions end with a bang, not a whimper. His point about the All Ordinaries index is extremely well taken. What in the world is that commodities based index hitting new all time highs? Same with the Kiwi? I tried to bring Australia and New Zealand to the threads attention, but it got drowned out in all the talk about - "The price of oil stupid"<VVVBG>. Hey man, what is this? You got even me doin the VBG shuffle. Eyes on the Prize! Eyes on the Prize! Eyes on the Prize!

To: SliderOnTheBlack who wrote (38524)	3/1/1999 12:39:00 AM
From: Douglas V. Fant	Respond to of 95453

Slider, Gold is on the fourth down or bear leg in the current cycle.I'm watcng that closely-(1) to see if we hold the bottom, and then (2) see if we rise over the last upkick last fall- that would confirm a new upside on the gold market I believe..... Natural gas will do its usual annual fade pricewise in the spring. However interestingly a number of gas consumers have been offering us higher than normal premiums per MCF on projected fall/winter prices for next year if we lock in our gas field supplies to them 12 months+ out into the future. Hmm, maybe the first sign that gas supplies may fade a little in 1999 in North America due to the lack of drilling...