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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Crimson Ghost who wrote (91957)7/5/2001 10:50:08 AM
From: Frank Pembleton  Read Replies (1) of 95453
 
George, I've noticed from watching tape on my own PM holdings, that the downward pressure is coming from exceptionally light volume, anything upward has been from heavy volume. It seems big money is holding on, and the little players are fleeing in dismay.

My O&G watchlist is acting in the opposite way, light volumes are pushing the prices upward, heavy volume downwards.

Getting back to PM, we will certainly see some sort of bullish catalyst, sooner than later, with gold dropping in price, with SI consensus of $250 per ounce, it wouldn't me surprise to see another high profile mining closure.

Care to speculate? -- :)

Regards
Frank P.
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