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 (80913)	12/6/2000 6:51:57 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

ps: Got Gold? Gold +16%, DROOY +13%, HGMCY +13%,KGC +11%,GLG +8%, SIL +7% ... allmost forgot - gotta love those small caps backing & filling in on this XAU rally - absolutely a positive there. Once again; the XAU & Gold stocks do NOT need any broad market sentiment change to run up hard. The sector is so miniscule; we ONLY need a very, very small portion of investors to seek safety & hard asset value to move & move big... Rumors & some speculation (and it appears to be just that) that HGMCY just finally may be so Pissed Off at DROOY as an acquisition competitor that they just might take 'em out... and shut Kebble up for good (VBG). If true; given thier 1 Million Ounces of Production & price to reserves & production ounces per share; it would have to be $3ish here imo ? The Miners are right in the sweetspot of consolidation here. I think KGC with their cash & assets and being the biggest 2nd Tier No American Producer gets taken out as well... Both 3-5 baggers potentially if Gold pops... Glad to see SIL breakout today... PAAS is due; I added a bit more today... felt it in the bones (VBG). Silver is due to back & fill to the XAU/Gold move here imo as well... I'll be happy if the OSX just holds OSX 94-100 here if the XAU continues to move... The Bulk of the Gold Carry Trades Short Derivative proceeds were invested long in leveraged US Dollar Trades... if the US Dollar would fall hard & fast; short covering - derivative implosion could ramp the XAU & the Price of Gold.

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