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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Roebear who wrote (54966)11/17/1999 10:57:00 PM
From: Crimson Ghost  Read Replies (2) of 95453
 
Roebear: OT

Gold looks weak for the short-term. Gold stocks acting very badly relative to bullion -- always a bad sign. I suspect we may see a sharp drop after the next BOE auction. Also gold never does well when the paper markets are in a roaring bull phase as they are right now.

But looking beyond the next month or so the outlook seems much brighter. Soaring oil prices preceeded gold's big jump last fall and black gold is exploding again as all on this thread are well aware. Also I expect the current market rally to peter out by January, removing a big obstacle to another gold jump.

OSX profits invested in gold stocks near the probable December bottom could yield very large returns by next spring.
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