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: Webster Groves who wrote (77432)	10/27/2000 1:35:49 PM
From: John Doyle	Read Replies (1) of 95453

The only reason for me not to buy back in is if we have Global Recession. Today's GDP report signals a slow down, and I belive that also signals the Fed to go neutral at the next meeting. Never underestimate the Fed to supply liquidity when and if needed to continue the expansion. So.........this pullback is a buying opportunity. The dollar goes down, gold up today. The markets will like that to a point as many multi-nationals with sales in Europe will have better EPS numbers... just look at the DOW today. The question I have to myself is, at what point in the dollars fall will cause expectations to change!

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