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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Frank who wrote (6701)	2/13/2002 8:57:34 PM
From: GREENLAW4-7	Read Replies (2) of 206325

Current 3 day rally in Crude and OSX looks to be solely based on prospects of war. This can only result in the continuation of the down trend. Fundamentals are simply not there as much as many here want to say we are at a bottom, I just don't see it. In the past war threats would spike Crude 3-5 dollars, now we get .50-1. This again tells me OSX and Crude is artifically being held up. I would like just to say one reason why we cannot afford a war now w/ IRAQ.........DEPRESSION!! Just think what 30+ crude would do to our fragile economy.( yes war later when US is HEALTHY) So this makes me wonder where are we in the big picture of recovery of the cycle. I looked back at 98 and it looks as if we are right where the OSX was in feb-march of 98. then we had much talk of a bottom, and instead of telling you where it went, just look at some stocks from 3/98 to 10/98. That was the toughest time to be long and I was HEAVY, as well as doubled down that spring in the anticiapation of SUMMER DEMAND..it never came. Could we be setting up for another? Opinions and comments are much appreciated!

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