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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (2819)12/23/1998 4:16:00 PM
From: Crimson Ghost  Read Replies (1) of 81145
 
Searle: One of the prime reaons for my interest in gold stocks is that I long considered it to be the only really cheap group, This is no longer true now that oil service stocks have collapsed back to 1995 levels.

BTW, OSX (oil service index) jumped 6.5% today, but still is down over 50% for the year. My favorite sector bar none. Almost as depressed as gold, a vital commodity, and no CB manipulation to worry about. In fact many feel that global movers and shakers want oil back around $15 as soon as possible. Many banks will have to start writing down energy loans if oil remains at these levels much longer.
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