Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Gary Burton who wrote (56207)	12/6/1999 6:59:00 PM
From: Crimson Ghost	Read Replies (1) of 95453

Gary: All I can say now is that the OSX looks like it will trend lower (periodic bounces nothwithstanding) until the reaction to news radically improves. Sub 65 is possible but we could just as easily trough in the low or mid 70s. The likely buy signal will be the OSX holding steady or even rallying on a day when crude takes a big hit. I don't think the current weakness in the OSX simply reflects mo mo money chasing the techs to the exclusion of everything else. Nor can the weakness in NG entirely explain the ongoing weakness Most probably there is bad news (probably a drop in crude towards $20 or some broker downgrades) that will be coming out before long. BTW I did post your reply to APH on Kitco. Have not yet checked to see if he reponded.

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