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

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To: BigBull who wrote (89743)4/5/2001 12:11:53 PM
From: isopatch  Read Replies (2) of 95453
 
"enough steam to ride over that 100 foot wave"?

Not UNTIL the Fed opens the monetary flood gates to drive ST real rates negative. Until then?

With the overwhelming burden imposed by the current level of hi real interest rates, America is clearly on a course for its first major deflationary experience since the 1930s, IMO.

I'm playing this rally with just a few positions, BUT keeping cash reserves very high.

Picked up 1/2 pos in TTN & 3/4 pos in REMC before mid-day. Still riding 1/3 PDE pos @ 23 n cng from last wk.

Nothing here but a tradable ST bounce by my read. And that's the way I'm playing. Finger always close to the trigger. And nothing I can't bail on REAL fast if I'm wrong, which has been know to happen(G).

Best

Iso
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