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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (83454)1/5/2001 9:48:10 AM
From: SliderOnTheBlack  Read Replies (1) of 95453
 
Brad R: - don't have to wait on PVN, or COF - MSDW downgrade

... credit quality/delinquencies - whodathunkit ?

PS: Bank of America -> Derivatives trading nightmares in Europe....

- wait untill the US Dollar starts is walk down from the Fed cuts & all those long US Dollar/short Gold derivatives find out what leverage on the loss down- side means...

California Utility Bond problems may create a dommino effect thru the credit markets as well.

Every single pillar to the ultimate Nuclear-BEAR case is falling into place.... Greenspan is trapped.

Now Greenspan is going to ease credit & increase money supply - when the bulk of the problem was created by reckless credit expansion & too much money creating a speculative leverage in bubblemania assets.... so he's now going to cure the addict by giving them a kilo of pure heroin.... amazing.

I truly believe he's going to stall the inevitable for his exit & to protect what's left of the Clinton/Rubin/Greenspan Economic legacy & leave GW Bush with an economic, fiscal & monetary nighmare in his lap - of which he of course; will be ill prepared to handle.

Wait untill OPEC moves for Oil to be priced in Euro's and/or goes to Gold to hedge the simultaneous fall in Crude Oil & the US Dollar - as they allways have at the end of every Oil shock.

tic toc ~

.... "someone" said all along - that the sterling Oilpatch fundamentals would not matter & shareprices would not rise to new sustainable highs into a market meltdown & they won't ... it doesn't look like we're going to be able to sneak an OSX 150 rally thru the door prior to $hit hitting the economic fan.

Pigs get fat & hogs get slaughtered... allways have, are & allways will...

PS: anyone finding anything to cheer about in the NAZ now ?

Still no 50, or 200 dma rally. Still not 3 damn up days in a row for the NAZ & we've got people calling the NAZ a "rocket" here ? - Fools.

Fail to ring the Cash Register here on any & all strength boys & you're going to join the - "JQP 3 time losers Club" a rather elite group of threadsters here who got "MAX MARGIN-called & liquidated 3 times during one boom cycle...and/or in the finest Sept '99 E&P Deja Vu all over again fashion - get to watch their paper profits rollover & disappear once again...

Remember - "Greed" is only GOOD - if you're early & beat the crowd to the party & out the door well before last call as well...
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