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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsnow who wrote (50031)	3/4/2000 4:39:00 PM
From: Hawkmoon	Respond to of 116764

Not quite ready for a sector rotation into Banks?? Btw, if you're going to put up a chart, at least put up one with some indicators. Looks like they are using the Bigcharts charting engine: www2.marketwatch.com As for the Oil index, it could go either direction. Way overbought right now and the stochastics need to reverse to the upside. However, it appears that a hammer was put in place on Friday. We'll have to see if it can continue. www2.marketwatch.com But as I stated in another post. If US oil companies are charging $1.50/gallon made from oil that cost them $10-20/barrel last year, I think they will show some great earnings. But what may hurt them, and I don't claim to fully understand the hedging process for oil, is a drastic decrease in the POO that leaves them selling fuel made from expensive oil purchased now for future delivery. Again.. just further reason that the US should take steps to protect our economy, if not that of Europe and Asia, and create some moderating pressure out of the speculative oil market. Regards, Ron