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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Amelia Carhartt who wrote (24732)6/25/1998 11:59:00 AM
From: marc chatman  Read Replies (2) of 95453
 
Nope. The sector is at least in for a test of the lows from last week, IMO. August Brent is still over $14 (at least it was this morning), so there is plenty of room to fall between now and the next delivery date.

And, after the tremendous run this week, the market is short term overbought and due for some technical pullback. If the market sells off, don't expect this sector to swim against the tide.

Yesterday was a short term high. It would have been Tuesday if not for the gap up on the OPEC meeting anticipation.
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