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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: CommanderCricket who wrote (3921)8/31/2001 5:01:16 PM
From: ItsAllCyclical  Read Replies (1) of 206317
 
>> but missing the larger picture? <<

True to a point, but...

1) Things are likely to get worse in the economy (both US and abroad) before they get better.

2) OPEC is far more likely to cheat going forward since they have more and more excess capacity (they are already overproducing by 1 mil barrels over quota)

3) The fall is traditionally very weak for energy related issues

4) It's unlikely that NG prices have bottomed yet.

5) TA wise both the XNG and the OSX are vulnerable to more downside.
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