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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (39666)	2/10/2000 9:53:00 PM
From: heraclitus	Read Replies (4) \| Respond to of 99985

One of CNBS's bubble babes made the argument today that OPEC would not want to see the price of oil exceed 30/bbl because this would cause the US to release some of its strategic reserves thus driving the price down. Am I just being dense, or is this argument totally vacuous? How long could our reserves drive oil prices lower? What then? regards homer

To: bobby beara who wrote (39666)	2/11/2000 8:26:00 PM
From: Rarebird	Read Replies (3) \| Respond to of 99985

<Kind of like 1982 in the equities.> The hopelessness, tears, heartache and despair of investors in gold mining stocks today is no different than what equity investors went through in the spring of 1982. Beara, these gold mining stocks are so dead and investors in them are so maniacally depressed in spite of such great improving fundamentals ( Sorry I used a word that is meaningless) that a Bull Market cannot be far off. I for one have given up all hope here. It has been one disappointment after another. But I'm still holding a half position in Gold and will buy like there is no tomorrow right before the last BOE auction in March. These stocks will double in the first couple of weeks of a Bull Market. Who said that the light comes from the greatest darkness?