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

To: William JH who wrote (66932)	5/24/2000 1:02:00 PM
From: SliderOnTheBlack	Respond to of 95453

Willam JH - great, great post... the EURO is also at the crisis point... The Fed is really in a tough spot here... raise rates much further - and destroy the domestic auto- homebuilding/buying season - bringing up the use of the "R" word; crush Hong Kong, Destory the Euro and all negative ramifications that brings... No wonder the Bank Stocks are signaling that Greenspan may be done - because perhaps he "has" to be done - maybe its a matter of Greenie throwing one last big rock at inflation; knowing he had to do something NOW, but also knowing he cant continue much longer as his hands are tied ? But, in a strong Global Growth environment with strong industrial commodity demand (let alone $30 Oil) - still a case for inflation and thus a place for Gold & Metals imo. Copper, Nickel, Aluminum etc. -I'm keeping 15% fwiw, but balancing Gold with some copper , nickel, aluminum plays. Interesting market.... if one see's the Hong Kong & Euro factors along with the Bank Stock buying; one could make a case for the Naz about ready to bottom - probably doing so here; and breaking out strong off of any benign PPI, CPI news coming in June... could be some nice NAZ profits on one hell of a bounce here shortly. I've closed out all shorts - nibbling on some tech fav's here - decent position actually in a few that I have no problem holding long term. I actually think its going to be a game of chicken - who buys first just prior to the CPI PPI's coming out in June... I think the rally starts there - prior to the actual Fed announcement.