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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: John Doyle who wrote (49182)8/11/1999 10:54:00 AM
From: Wowzer  Read Replies (1) of 95453
 
I think we are going to have a tough 6 months in the market, primarily in the techs and internets. However it is not because I believe business in these companies will be bad, just not at the Hyper growth many investors are betting on. The US economy is still very strong and could use a breather. Here in PHX I see help wanted adds at MCD's for $7.50 an hour starting and they still can't find anybody!! Simply amazing to me.

I currently believe the Fed most likely will raise rates a couple of more times to slow this economy down to combat raising wage pressures. But as long as the economy continues to hum along with just a little inflation, plus with the continued improvement in other economies, bodes very well for oil and natural gas. Actually I few inflation as a positive for oil, the same way people view gold.

Furthermore, if techs continue to stumble and inflation fears pick up, I think money will continue to rotate into this sector as well as gold. Even though I still think gold is a loser, sorry George :-). However, if we go into a recession all bets are off. However I do not believe this will happened, especially with election 2000 on the horizon.

Long and Strong the OSX,

Rory
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