SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: The Ox who wrote (82073)12/19/2000 11:04:10 AM
From: ItsAllCyclical  Read Replies (1) of 95453
 
FED - Let's face it a nuetral bias is already priced in and if many people are expecting a cut then it may be partially priced in as well. I would be surprised if 2600 area holds on the Nasdaq. Looks like Don Hays will be proved right in his timing. Another new low on the Nasdaq and a break of 2500 will start the capitulation phase imho.

207.61.23.98

Still holding 35% gold here. We will break Nasdaq 2500, if not now then within 3 months (next earnings which will be even worse). I gotta believe that shortages of heating oil and natural gas combined with a weakening US stock market will cause a panic - even if it's only short lived. I still think that Gold is a pretty good way to play any energy crisis.

Added a few lagging OSX stocks now that it's showing clearer direction. Waiting for a pullback before adding more since this type of short term run has very rarely proven sustainable. TAM and LSS are still pretty cheap in the pipemakers. MVK has run too fast for me to add it here.

Sooner or later people will wake up to the reality that the Fed can't save them. Our economy is driven by consumer spending and somewhat by IT corporate spending. Consumer spending strongly correlates with the stock market, and IT spending will be hampered by high debt, high energy bills, and a slowing US and global economy.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News