Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: SliderOnTheBlack who wrote (4416)	11/26/2001 1:09:45 PM
From: SliderOnTheBlack	Read Replies (1) of 36161

NEM's chart - THE BAROMETER of Gold Stocks Since Friday Nov 16th... NEM has a 1.7 Million positive OBV acculation into the contraction from $19.60ish to $18.80 of present... lots of shorts.... lots of shorts - but, into still positive OBV... I love that ~ Added @ $19/$20 sitting patiently for $17/$18. The LT chart for NEM since the Oct/Nov 2000 bottom is still intact. If $18 holds here the next upside target is $28-$30 imo... lots of shorts to cover on any "event" driven catalysts - as well as the eventual arb covers post merger. I'd love to add some calls & leaps at $16ish... that would be my own personal little stocking stuffer for Xmas. The Funny-Money Fiat Express is still smokin~ ...and the eventual return to a US Dollar managed descent still bodes well for a secular gold bull. I think the Derivatives Cartel has one more downside "push" left... but, conversely - one more event driven catalyst may also finally break gold out & above $325 and then the derivative implosions start... Gold stocks are in much, much stronger hands today than last fall... the game has changed and I think some of the Derivatives players now realize that.... Barrick acquiring Homestake wasn't a coincidence... watch Anglo & Barrick both continue to go after unhedged producers to protect their asse(ts)s here.... CNBC FLASH ! ...RUSSIA to increase Oil production by 15-20% over the next 2-3 years & says it can withstand $15 Oil. I think they'll soon get the chance to walk their talk - ie: "withstanding $15 Oil".... $18 & counting...tic-toc' Do I hear a dip to the $14's anyone ?

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