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

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To: isopatch who wrote (89768)4/6/2001 3:36:57 PM
From: ItsAllCyclical  Read Replies (2) of 95453
 
>> THIS RALLY IS FOR REAL! <<

The S&P 100 is still holding above it's recent support and this pullback is typical for a Friday especially given yesterday's gain's.

That said, I'm pulling the other half of my 401K money again (expect to be down 2-3% today netting about 4% in two days). I'll take it. Traditionally the week leading up to April 15th is weak due to taxes. I also expect more bad news the next 2-3 weeks.

If the US dollar can close below 114 next week then 110 is certainly plausible. Looks like KGC is being accumulated the past couple days. If Drooy can rally off it's 52 week low then I expect KGC to hit .75 to $1 within the next 1-3 months.

KGC 1-year chart

askresearch.com
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