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To: Crimson Ghost who wrote (37621)6/3/2000 10:05:00 AM
From: LLCF  Respond to of 42523
 
<Gold "aficionados" generally disbelieve Friday's jump. The feeling is that the "all powerful" central bankers will soon squash the rally. Positive from a contrarian perspective?>

A move, is a move... I can't begin to count the times I've seen a move up/down in a stock, commodity, currency, whatever, that seemed for no reason a reason to 'fade' that move, just to get 'spanked' by the trend continuing. Gold is $10 higher, that's great for our gold stocks.

DAK



To: Crimson Ghost who wrote (37621)6/3/2000 10:19:00 AM
From: Terry Whitman  Read Replies (1) | Respond to of 42523
 
Oil stocks have been lagging the underlying. A look at the commodity shows no sign of reversal. The current chart of oil is a continuation pattern, IMO. I 'm not selling any oil or oil stocks, and may add some here.
futures.tradingcharts.com



To: Crimson Ghost who wrote (37621)6/3/2000 12:40:00 PM
From: Joan Osland Graffius  Read Replies (2) | Respond to of 42523
 
George, >>The big drop in oil stocks Friday may signal one more piece of good news for the bulls -- lower oil prices in the near future.

Is this possible? I live in Minneapolis and gas prices are still on the rise. Last week a 3 cent rise, this is after Memorial Day. As I posted to someone I saw the first indication of insufficient inventories. A station could not get delivery on Thursday and had an island closed. Maybe we are having problems at our refinery, who knows.

Joan



To: Crimson Ghost who wrote (37621)6/5/2000 9:47:00 AM
From: pater tenebrarum  Respond to of 42523
 
if the move is met with disbelief, that's actually quite good...i suspect there may be a pullback that reinforces the skepticism, and then we'll take off strongly.