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

To: Lucretius who wrote (53249)	10/19/1999 10:01:00 PM
From: Area51	Read Replies (1) \| Respond to of 95453

Welcome back. Teddy just came back and his timing has been very good. Looks like the bottom is possibly in for the OSX: Message 11641935 Gulf rates are increasing and Boom 2000 is just around the corner. Apparrantly the candle sticks on the OSX look a perfect abandoned baby (see responses to post linked above). I gather that this is a good thing !!

To: Lucretius who wrote (53249)	10/20/1999 9:13:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

O/T Loquacious Taurus ! ...something has changed (VBG). Would you believe I am actually researching the Gold Stocks right now as we speak...(VBG)? Can you believe it ? A born again - wannabe Gold Bug - me ? Now I am 100% in OSX stocks here as we speak; and I think we are basing here and could potentially turn & run through OSX 90-100 very easilly. But,I am waiting for a retrace opp in Gold/gold mining stocks as a bit of a hedge opportunity. I am not entering here at these prices; but would start a hedging play on "any" weakness here... What does make gold mining stocks interesting on a pullback here; is that with the new Central Bank policy - there really is no reason that I can see for Gold to not return to a stable level of $325ish-$350; which certainly looks to be a historic fair value level imho. That would give these mining stocks a real nice bounce from a pullback to $285 and a run back to $350... they might be damn good stocks to own, in addition to being great hedges. NEM near $20 and I'd start entering... Now am I right that BMG, K.to, NCM are the non hedging mid cap plays & that NEM among the large cap names; appears to have "not" capped its upside to a potential Gold spike, with little hedging that caps the upside ? Would these 3-4 be a good leveraged basket to $500 Gold in a Dow meltdown/Y2K blow up ? If not - PM me with your 3-5 stock basket... I would think that one would only want gold mining stocks that have NOT capped their upside with lots of hedging here... Also; is Ashanti a contrarian play here perhaps at these prices ? And for anyone who would want to short Gold/Mining stocks - wouldn't going long Ashanti be the "smart" play ? If gold retraces - Ashanti moves up; as its hedging bet pays off with lower & stable gold prices... Now; if I had to guess; I would say the Dow could/may drift down another 3-400 points, but this also may be the Black October that wasn't - it seemed to me that too many people were allready bearish and expected it here;unlike last year when everyone denied the possibility... Imo, the OSX looks to have good buying support at OSX 67 and 60 would be my guess for a bottom in even a major DOW blow off to 9500ish; but.... Luc what has "changed"; is I would sell all of these Oilpatch stocks and "GO TO GOLD" ! in a heartbeat if circumstances warrant... but: I really don't see that happening. Now that's a "Change" isn't it ? Luc; with Y2K still hanging out there; who knows - you may finally be right after all... Trust me; I am "renting" not owning, nor married to 'em here... Trade 'em - period. Way too much volatility not to. For the last 12 mos; dump on the minute they turn down; load up during the free falls - sell into the major bounces and do it again & again & again & again... Not a bad place to enter right here Luc; but as I know you would; I would not hesitate to dump 'em if we break OSX 60-62. Imho; we have 30-50% upside thru year end versus 10% downside right here; certainly worth the risk of entering and starting positions. Dip your toe in right here... you'll know to get out quick it the storm starts brewing... just dump & go short if they do. You pal & wannbe Gold Bug (VBG). $lider... .... $7 NE huh (VBG) - well maybe nothing has changed after all ;) -- I wouldn't hesitate on $20; and would enter a nice solid position at $18-19 NE here if seen by the way...