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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Bill Murphy who wrote (2854)1/1/1999 2:33:00 PM
From: Crimson Ghost  Read Replies (1) of 80974
 
Bill:

I am hotter than ever on the oil service stocks and have greatly increased my position in the Fidelity Energy Service Fund (FSESX) OSX (oil service index) up 5% on Thursday, but still down 50% for 1998. Many individual stocks down 70-80%. Some incredible values here.

Unlike gold a lot of people are now starting to push this group including Abbey Cohen. Oil back over $12 and no CB selling or leasing to worry about. Many believe that the US government and the international elite want oil back to $15 or so as soon as possible to head off possible turmoil in a number of friendly nations. Quite a contrast to gold.

I have far more invested in oil service than in gold. Just as much upside and much more confidence that 1999 will be a big year for this group. I expect FSESX to rise at least 50% this year, with a good chance of 75% or more. I think XAU will also soar this year, but my confidence in oil is much greater.

You may want to check out the SI oil service thread where I comment frequently Some very good analysis there.

www3.techstocks.com
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