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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: rails99 who wrote (90864)5/14/2001 12:51:38 PM
From: Roebear  Read Replies (1) of 95453
 
rails99,
Just want to let you know, cut back on gold stocks today. Can't say I have a good reason TA wise, but expect that consolidation/pullback I was talking about may occur this week based on tape read. Possible XAU 57.42 may hold but failing that then 53-54 are support levels. If wrong I have a strategy that will negate my error, pm me if interested. LT investors could probably ignore this maneuver.

Golds I am holding have cost basis equal to 53 level XAU, so relative low risk, no sense in unloading.

This is not investment advice, just letting you know my read,

Best

Roebear
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