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: isopatch who wrote (74197)	9/22/2000 10:24:10 AM
From: ItsAllCyclical	Read Replies (2) of 95453

Given the news about the Euro and the dollar I'm surprised gold isn't doing better. Do this simply show bearishness on gold or lack of confidence that they'll be successful in propping up the Euro? I guess no one can predict when it'll take off, but the action last night puts in a floor at the very least. I added to my gold positions today now that one last capitulation in gold seems unlikely. Also bought my first GLBL. Ok 12 was good. 11 was tempting, but at 10 1/4 I'm sold. Will add at 9 and 8 if seen. I think they will release some oil from the SPR though so I'm not doing any heavy buying in the OSX just yet.

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