Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: SliderOnTheBlack who wrote (16006)	7/28/2002 1:14:54 AM
From: DataBits	Read Replies (1) of 36161

["No more safe havens except GOLD/Silver stocks !"] In the last 5 days HUI.X has dropped from 130 to 95 or 35 points (approximately 23%). HUI.X Last Trade 95.00 Change -9.52 % Change -9.1% Meanwhile, the market has powered up 500 points on the DJIA. Smart money holds GOLD/SILVER. Smartest money has been short GOLD/SILVER since early last week. A short covering rally is due in the metals over next few trading sessions as profits are locked in. There will be a serious move up in metals during the month of August as investors realize the bear market continues with lower lows. Adding mounds of SILVER to core metal positions. Prediction: NASDAQ hard down in August. Shorting DELL (50+ P/E) among other tech's. Also shorting NVR, a home builder and mortgage banker. Adding to short positions during brief market rally. Expect massive increase in credit and mortgage related bankruptcies over the next few years. Real estate will become a weakness not a strength of this already weakened economy. The U.S. government is strong on the new bankruptcy bill in effort to stave off potential economic damage. Commodities are the driving force now. Where's the PANIC? Where's the CAPITULATION? Waiting.... Just my bits

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