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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Tommaso who wrote (6406)2/2/2002 7:43:36 AM
From: GREENLAW4-7  Read Replies (1) of 206093
 
Rise in crude was caused by 2 factors: Explosion at Kuwait refinery, as well as possible STRIKE by US refinery workers.

I believe CBS/MW has an article under the OSX heading.

I covered all shorts, and added HC long at EOD on the perception crude may have seen its near term bottom and also hopeing that INVENTORY stats will finally show the DRAW from OPEC resolve.

I mentioned several times that INVENTORY stats usually go in cycles either up down or flat. Its now been 4 weeks since OPEC started to cut and I am betting on some type of DRAW in inventories going forward.

Also if you believe market may trend lower over next 3-5 months on earnings concern, what better place to park some funds then in ENERGY on the premis SUMMER is only 5 months away.

Technically money flow has been increasing nicely in the OSX. Look at recent rally and pull-back, I see higher lows and a small trend starting to the upside.

Just my opinion, but in many of these stocks the down side may be very limited w/ tremendous upside.

The last factor that has turned me into an OSX semi-bull is the possibility of all out WAR in the middle-east w/in next 3-5 months. BUSH needs excuse to enter IRAQ, ann this is why he is backing ISRAEL on finishing ARAFAT off.

Good luck all!!
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