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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: John Doyle who wrote (46219)	6/10/1999 3:09:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

John Doyle, yes it most definitely IS. Concerning Asian economic performance, I keep reading the words "revised up" over and over in the Asian financial press. I'm looking for Europe and Latam to be the big story for the next two quarters. Germany posted some marginally positive GDP numbers for the first quarter. My bet is that UK will start to show well in the second quarter but that Germany will not really pick up until the end of the year. The current higher oil prices will definitely assist the economies of Central and South America, in particular Venezuela, Mexico, and Brazil, the three biggies. Mexico and Brazil just report positive 1st quarter GDP numbers. The big fly in the ointment here is, of course, US interest rates. Everybody is nervous as hell about them, me too. The charts show major resistance around 6% where we are trading right now. I am hoping the recent drop in oil prices will positively affect the upcoming CPI and PPI numbers and create a rally in the tyx, staying the feds hands for at least another month. At any rate, I agree with Slider that there is probably less risk in energy related stocks than there is in the over all market. Sure hope he's right about OSX 90, short term.