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: excardog who wrote (86981)	2/12/2001 4:51:50 PM
From: dfloydr	Read Replies (1) of 95453

excarddog: best post of the day!! To make slider, iso and the other trade counters happy: today I considered selling oei, tmr and rig but did not, bot 1k csco @ 29.5 1k tfs @ 20.30 target = 40 by year end on each. Gold: my opinion FWIW: forget it. Grew up on gold mines. The financial mechanics that made gold valuable have been dismantled. It is a colored metal that looks good in rings, necklaces, it won't corrode and is one hell of a conductor of electricity. It used to have a value in that it was portable and concealable: ie, you could carry a lot of value with you. Today electronic fund transfers are quicker and lighter and, I believe, harder to steal en route and they do not require smelting, recasting and an assay when you get there to prove their worth. Now, if you were inclined to give me a ton or two ... ;-)

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