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

To: SliderOnTheBlack who wrote (80802)	12/5/2000 7:35:39 PM
From: Roebear	Respond to of 95453

Slider, OT RE:PS: Roebear... I think the XAU is set up for a nice re-test then a rally off a double bottom - when the NAZ sobers up. I've been selling the larger XAU components NEM HM & rotating to smaller caps... I still like DROOY as a sleeper, KGC GLG KRY on weakness; I'm holding my cheap HGMCY & GOLD - I'll add on a retest of the 40-43 level on those two. Only got a little $5 AEM - I'm holding it... I'm also holding some mid $8ish SIL and I bought a lot of PAAS; here $2 3/4ish-7/8th is a steal imo; I added some more silver exposure on taking NEM profits & rotating and I will add more Silver - mainly PAAS on "any and all" weakness from here. Sounds like a plan! I've got PAAS latest Q in front of me, been taking notes on the back of the envelope, I think its time to open it, ggg. It used to be a favorite trader of mine until they got mixed up with the Russkies and now that they have got that settled and digested it's time to give them a good look see. The fact that the US gov't no longer has any stockpiles of silver, besides the 15 M ounces they just sold to the US Mint, means silver has a bright future. Silver really should not be selling for 56 to one ratio to gold, historically, all the way back to the Roman Empire, that is near one quarter what it should be. While we may not attain those historical levels, the silver run will be even better than golds. Not many of those silver mines left that aren't a basket case. PS: That oil to gold (and silver!) game might be like baseball, more than one inning! Best Regards, Roebear