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: isopatch who wrote (88606)	3/13/2001 1:47:09 PM
From: ItsAllCyclical	Read Replies (1) of 95453

OT - Asset allocation I'm about 50% gold and 50% cash. Have GLG, HGMCY and KGC in the golds. Holding cash for potential short term trades in tech (if/when) we find a tradeable bottom. With Japan and the US both suffering I don't think we've seen the lows in corporate earnings by any means as the world economy continues to slow. More false bottoms will called in the next 3-6 months than all of last year. Before this is over I expect DOW stocks and others that have held up reasonably well to be used as currency to buy cheap techs (sending the DOW down into bear market territory). Between Japan, the US and that scenario I see more risk than reward in energy.

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