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: SliderOnTheBlack who wrote (75573)	10/4/2000 12:47:45 PM
From: W PAUL	Read Replies (1) of 95453

I am very pleased that someone with your feel is thinking the way you do about the yellow stuff. I would just like to say that I was convinced by all the arguments that are now convincing you in June/July when I thought the second leg of this bear market would begin. I made a lot of money in Biotech (1000% in 18 months) kept most of it but was spooked to reenter after the spring crash. If I had I would have doubled again. Instead I now have large positions in the South African unhedged, interesting Canadian small cap etc. So far the portfolio is 12% down and falling. I have no intention of selling - yet !. My sombre point is that apart ( and it is perhaps a big apart although there is masses of opinion of how this bubble had to end without the oil trigger)from the greater spectre of oil NOTHING new is being said about Gold that was not being said many months ago. What is changing perhaps is my realisation of just how entrenched are those who will not let Gold have its day.So far we have underestimated them. I sometimes think that the pack of cards is so high that they have my sympathy. Wyatt

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