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

To: BigBull who wrote (60028)	2/9/2000 4:03:00 PM
From: Think4Yourself	Respond to of 95453

You GOTTA love the accuracy of the experts here. Didn't they ALL predict that on any substantial rumor of output hikes, Oil prices would go up a dollar while all the stocks would tank? Finally got a fill on my 8 1/2 OEI order right before the close. I AM ONE HAPPY CAMPER TODAY!

To: BigBull who wrote (60028)	2/9/2000 4:13:00 PM
From: upanddown	Read Replies (1) \| Respond to of 95453

The upward catalyst in the oil patch stocks will occur when players understand that a trickle of crude will be forthcoming from OPEC - NOT a flood. Total agreement there, El Toro. One thing that is certain is there will not be a repeat of the 10% Fall '97 Jakarta idiocy. I see a very slow opening of the taps....maybe 1-2% and not necessarily in April....they might delay a month or two. I don't think we will see any public squabbling over quotas....they finally understand the power of solidarity. I also think the meeting will be a formality with its results known long in advance thru leaks. Its like Big Al and the FOMC meetings. The markets will anticipate and make its moves long in advance. Futures markets were certainly saying today they don't anticipate much additional supply even if the equity markets didn't notice. John

To: BigBull who wrote (60028)	2/9/2000 4:29:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

Big Bull: Picked up a modest position in FSESX on the close today. Plan to buy more aggressively if we go lower. Gold stocks surged again today after yesterday's setback. They will always be very volatile, but Prechter to the contrary the primary trend is changing. I have a nice position in FSAGX (the Fidelity Gold Fund) and plan to hold awhile. XAU (gold mining index) still just 15% above its low. My USPIX purchase Friday was premature and was heavily underwater by Tuesday. But the NDX turned my way today and this looks just the beginning of a sharp drop. Might make a few shekels after all. The rest of my portfolio (88%) is money funds.