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

To: AltLar who wrote (72649)	9/8/2000 9:13:44 AM
From: ItsAllCyclical	Respond to of 95453

>> I think, long term, the bull market in the energy sector is still young, but if the market collapses due to the realization of the onset of inflation, the energy bull will surely stumble as well. << I think it's a possibility, but if oil goes over $40 there will be a denial period (whether or not it'll cause a world-wide recession) just like with energy when it first crossed $20. During that denial period we can make quite a bit of money in energy. I think I've made the bulk of my gains in 2-3 months over the last year. Mostly in the inital run this spring, but the last month has been pretty damn good as well. I see oil prices potentially coming down after OPEC, but I think the market needs to see the oil first in the API/DOE's. Interesting that Iran is saying SA isn't pumping extra oil. I think oil will find support in the low 30's if it starts falling. That's a pullback in the OSX, not a serious correction. Let me load up again...please.