Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: gold$10k who wrote (10888)	4/19/2002 10:13:20 PM
From: nspolar	Read Replies (1) of 36161

vt, I tend to agree. Maybe gold before the stocks. If so that will really drive em. It is very tempting to take profits here, but I've continued to resist, and cautiously added to a few this week. The leverage in this sector is just utterly unbelievable, for me anyway, being a first timer at it. Maybe it is nothing as I don't take daily notes. However it seems to have been the case over the last few months that volatility of gold on the NYC comex precedes some good action. The volatility is usually the smack down at the open for a few days, then the reverse. It appears to me they (whoever they are) can no longer keep it down. As I recall over the last 10 days or so we've sort of went through that scenario once again. Also covered IBM and BRCM shorts earlier in the week. May have to watch for another load.

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