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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Broken_Clock who wrote (16876)3/27/1998 1:43:00 PM
From: bw  Read Replies (3) of 95453
 
Really short-term view:
If an agreement is reached by OPEC this weekend..seems like a no-brainer that we go up, and the DOW goes down..Investing in this contrarian sector will mean that the opposition will try to protect their gains with alot of negative hype about rising oil prices...It's Us vs. the Establishment [to us paranoid 60's types].
Instead of focusing on retracement from the recent gains, why not look at the 52 week highs and work backwards...
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