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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: The Ox who wrote (32404)12/3/1998 3:40:00 PM
From: Crimson Ghost  Read Replies (2) of 95453
 
The fact that oil has lost most of its gains and gold is down sharply today suggests that interest rates will have to come down a lot more to turn around the commodity markets.

But on a brighter note the OSX is flat on this big market selloff. A big change from the OSX leading on the downside. Huge volume in stocks like SLB (four days in a row now) is another sign of an approaching trough. These stocks may still drop further but risk/reward ratios are very favorable at these levels. Cetainly much better than in the overall stock market.
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