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: DataBits who wrote (89682)	4/4/2001 2:41:11 PM
From: ItsAllCyclical	Read Replies (2) of 95453

>> Shorted lots of NEM at $17.05 << As usual you give little or no reasons behind the move so you leave me to speculate on your reasoning. I'm assuming you think the markets rallying will send gold to new lows. Lately the dollar has been falling whenever the markets have been rallying as people have moved out of a "safe" haven and into equities. During those times gold has rallied. Maybe you'll be able to cover at 15-16, but the risks far outweigh any reward if we get a true market meltdown, a crisis in the ME, or a derivative crisis. Gold has the potential to move in a heartbeat. The dollar is one of the last bubbles to pop, but it will.

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