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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Roebear who wrote (92736)7/25/2001 7:12:22 AM
From: Frank Pembleton  Read Replies (3) of 95453
 
Too risky to be totally out.

I was saying earlier we needed an event to get gold going, I didn't say multiple events!

- deeper bearishness on SI
- Nikkei, sub 12,000

- Dow, sub 10,000?
- Miners strike?

The only positive for the economy is the continued meltdown of the O&G group, not much of a positive for the investor; this sector will be under funded for years to come. BTW: I managed a successful "scalp," with DLR.TO, it was difficult to do because of the lack of volume. Which brings me to my next point; the lack of volume throughout the sectors, including gold stocks is quite unsettling, it's like the investor has lost interest.

Regards
Frank P.
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