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Strategies & Market Trends : Natural Resource Stocks

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To: Arik T.G. who wrote (20651)1/30/2005 10:47:26 AM
From: Roebear  Read Replies (2) of 108679
 
Arik T.G.,
My hunch would be your shorts hold good for most of next week, but beware after next weekend or February 9, when another regime of very cold and stormy weather is likely in the Eastern US and parts of the Mid West after some warming this week.

Also a (relatively) positive Iraqi election result could knock down oil prices next week.

FWIW, I closed some nicely profitable short term energy longs Thursday and Friday, which I will likely re-enter after I size things up, after (or if, ggg) we get the correction I expect.

BTW, How do you feel about Gold and PM's in the short to intermediate term??

Best,
Roebear
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