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

To: seminole who wrote (75558)	10/4/2000 11:11:55 AM
From: seminole	Respond to of 95453

Note; Buy MDR instead of gold. Let's make money.

To: seminole who wrote (75558)	10/4/2000 12:20:06 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

o/t Ahhh the "anti-Gold emotion".... Whistling by the graveyard is clearly evident in the techies & bio-nuts. What gets everyone so emotional about Gold ? What threat does the Yellow Dog present to all of you ? I love it ! - this is the same naysaying,the same emotional attacks & challenges that we heard back in October 1998 when the end of OPEC & eternal $5 Oil was the topic du jour. We couldn't have been "right" back then unless we were in the vast minority and the target of ridicule & I can't be "right" about Gold now; unless this type of response exists as the norm - but,thanks for validating what I allready knew. Richard; I don't follow MOGN, it could be a great company with a bright future and for your sake, I hope it is. But as far as the bio-tech index & sector in general - it personifies this bubble; biotech personifies - "gambling & not investing" - as you so incorrectly mis-identified buying Gold stocks at decade lows. Many of these companies will crash & burn; one literally needs to own a basket & bet that you are lucky enough to own the one company that finds that wonder drug & becomes a parabolic spiker - as the others crash & burn. The bio-tech index is potentially forming a great double top head & shoulders chart - should Tech put together a bounce rally; which I think it may shortly; - it will be forming one of the markets great shorting opps. I trimmed another level of my Oil holdings here of late to leverage a short term trade in NEM and add to Golds; - better lucky, than good given the OSX here of late & today. The more discipline I exercise; the greater the opportunities I find myself literally walking into. Playing the hit & run game & allways returning to a disciplined 30%ish Cash position; opens up so many opportunities in this market environment long & short. I want to "generally" maintain 30-40%ish cash here (other than an occassional leveraged foray into a margin leveraged trade like GLBL of late, or NEM here. I'm looking to keep my exposure at 20-30% in Oils unless I get an OSX 115 correction - then I'll add & 35-40%ish in Gold; I'm leveraging a NEM trade here - with tight stops for the margin use; I either get a breakout pop, or trigger stop losses at a break sub $15; or if technicals & fundamentals support - I may add more NEM; as I am targeting a leveraged portfolio weighted type of bet at XAU 40-45. As far as taking a bet: Richie - I trade; don't do buy & holds, or make bets to the endless line of ankle biting chihuahua's that keep coming out of the bleacher seats - as sooner, or later one of them is bound to be right (VBG); but I certainly don't own the GOX, or the XAU; as I am not interested in owning hedged Gold Miners - of which both indicies have. I'd gladly match a leveraged NEM at $16, GOLD (the company) at $3, DROOY at $1 1/32, HGMCY at $4 7/8 and HM at $4 3/4 against any 5 bio's you choose... you may win; as surely the speculative niches of this market offer the "potential" for dramatic upside; but risk is what I am interested in reducing in this troubled market and I'll gladly take my risk vs. reward plays in the Gold Stocks at 5 & 10 year lows & only adding to Oil's on a pullback to OSX 115ish here vs. the bio-nots and playing the high-flying NAZ stocks for that crack-addiction fancy of going back to 5000. I'll gladly loose "all" of the all-comers bets; as I am risk adverse and I want to hit & run -leverage high reward/low risk bets as they arise and am not interested in blindly buying & holding "anything" in this market environment. But, above all - I'm not interested in entertaining chihuahua's; by allowing them a day in the sun, off the porch, to run with the big dogs for their 15 minutes of canine fame (VBG)~ By the way; MOGN down about -6% on allready larger than avg daily volume... NEM was up a 1/2... and the XAU is positive. Ciao~