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

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To: RIK who wrote (91138)5/24/2001 12:57:32 PM
From: Roebear  Read Replies (2) of 95453
 
RIK,
No golden feathers in your menu today, but, the days not over yet and dinner isn't even in the pot, ggg!
Gold has been reacting far better than it would have six months ago, when the Russian announcement would have caused weeks of malaise.

As far as oil and NG go, the charts are not dissimilar to the XAU. It would appear the long bets are on a recovery with some inflation involved.

The alternative would be a recession which may call debt service into question. It would seem in either case golden crows may yet be crowing lustily over their golden nesteggs.
VBG

What do you make of this chart?:

securitytrader.com^INDU&ChartID=25455&ChartType=D

Roebear
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