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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Big Dog who wrote (25083)7/2/1998 1:54:00 PM
From: marc chatman  Read Replies (1) of 95453
 
If I were a real buyer (i.e., fund or medium to long term), I would probably not load up late today. Last trading before a long weekend, volume could be very thin. Buying into the thin market could force the price up so they'd be paying more.

In fact, I don't really know whether we saw real buying this morning, or shorts squaring their positions before they left for the weekend. But up is up, and I really don't care why anymore.

CXIPY gets a new contract:

biz.yahoo.com
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