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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM) -- Ignore unavailable to you. Want to Upgrade?


To: Robert J Mullenbach who wrote (959)6/19/2000 7:02:00 PM
From: Roebear  Read Replies (1) | Respond to of 1612
 
Robert,
Looks like we may get some oil stock bargains, maybe, as everyone seems to expect OPEC to do the right thing.
They are already cheating (so I hear reported) about 500k barrels over their limit and the scary thing is it isn't helping much now is it. Of course this could be construed as helping out their good customers (like US) without losing face. Even more interesting is that this level of cheating would have resulted in a considerable drop in crude prices last fall and early winter, now it has relatively little effect. Going into OPEC I am currently only owning one oil stock, my thinly traded TESOF.

As for gold stocks, I still think the POG is not reacting in accordance with the last three years behavior. Currently I only own one gold stock, AEM, and I am buying on the way down. It hit one limit order today, I have others.
Now this is not investment advice, nor is it for the faint of heart, just My Humble Opinion.

I also note "they" are in the blast it at the end of the day mode. I am hoping to own quite a sizable position by the time AEM blasts back at them. There are certain support levels I am watching for both AEM and POG, they may be violated, but if so I expect on a short lived downspike. This too of course is JMHO.

But its my story and I'm sticking to it, gggg.

Best Regards, your Fellow Berserker,

Roebear