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

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To: BigBull who wrote (59727)2/4/2000 11:07:00 AM
From: double-plus-good  Read Replies (3) of 95453
 
Bull,

I pointed out a head and shoulders on the OSX and on rig a couple of days ago that went by uncommented on. I mistakenly asked Rory if he could provide a Security Trader update, but I think it is Roebear who keeps an eye on those charts. Looks like the head and shoulders is in play. I'm looking for support at 81-82. Rig appears to be holding up so far but my look at the charts suggests we may see 27 or so before the next attempt to rally. I'd love to be wrong and i frequently am with the TA. Anyone see the same patterns I do?

OT as per gold, calls on NEM when its in a funk are a great play but i wouldn't go that route now. The juniors and south african miners are my faves. Bought more Kgc this morning to add to my gsr, gold, drooy, and NEM. interesting speculative play in Canada for copper and gold...TKOCF; don't remember who brought it to my attention but after a look see i thought it worth a small bet.

With all the paper asset inflation and the bizarre developments in the credit markets the metals and energy seem like decent bets. i'm short some "fluff" techs to boot...this damned market is so over-ripe.

++good
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