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To: JHR who wrote (41579)	5/18/1999 8:16:00 PM
From: John Pitera	Respond to of 86076

I saw Bollinger on cnbc talking about gold, and oil. He has tended to be right on what he has had to say the past couple of years. He has earned some points in my book, by doing so, as I did not think used to think that much of him. But he has been level headed and right quite a bit. I'm not sure that he is right when he says that the move from 11 to 19 was a correction as that would imply a new low below 10.90 in crude. I can see crude going back to 14, but I'm not ready to look for a new low in prices.