Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: nspolar who wrote (10519)	4/8/2002 3:08:31 PM
From: Frank Pembleton	Read Replies (1) of 36161

nsp... disappointment in the PM sector? Personally I'm surprised it held up as strong as it has. The gloom and doom surrounding the April 1st Japanese banking system default/depositor insurance scare is being held off (yet again) for another day - this should of IMO pounded the POG below the so-called support level of $295. Let's not forget how strong this market is -- despite the ever impending energy crisis - the Iraq problem, rising heating costs and the possibility of some Nuke plants being shut down... the markets are holding up quite well considering they're riding basically on hope - and gold stocks? They do have an inverse relationship to the broad markets. Regards Frank P.

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