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 (89947)	4/12/2001 11:32:31 AM
From: ItsAllCyclical	Read Replies (1) of 95453

PGO is continuing it's slow uptrend. askresearch.com Double bottom? Quite possible. Breaking above it's 50 ema/dma here and MACD turning positive again. It's been basing for almost 3 months now so I'm starting to accumulate again. Bought some yesterday in the low 9's. Will buy again if it breaks 10 and then pulls back. Earnings come out on the 25th. EEX also looks interesting again on a break of 3. Just looking to scalp, nothing more. For those interested in gold I've noticed quite a few call options for April in HM, NEM and others. If one believes in the theory that most options expire worthless then we may see a nice move in the HUI after/starting April 23rd. One thing for sure, between lease rates and COMEX stockpiles something appears to be going on in the gold market. I'm also encouraged that gold bounced off 255 yet again and that NEM and others are holding the bulk of their gains.

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