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

To: SliderOnTheBlack who wrote (80805)	12/5/2000 7:18:30 PM
From: BigBull	Respond to of 95453

He he he. Not quite! Real soon though. ;o} There is one thing, and one thing only that will make people forget the lousy earnings comining out, and you know what that is - the price of money, stupid! <VBG> Frankly, I don't think the bear is over yet - sobriety will return during pre announcement season. I think the fed knows now is the time. But this is the beginning of the end of the bear. Still think we see a qtr of negatory GDP. Still think the Naz does 2100 once the anti-Grinch rally is over - but then - Crystal Time! Good for you, good for me, good for the patch - hmmm good. I think it is incredibly important for OPEC and all oily parties concerned to bring oil prices down so that the CB can pump it up. IMO the fix is in. I also think it is important for OPEC to display a sense of calm unity during decline. That would be so different from the last bust, it wouldn't even be funny. When the lower demand hits the current increased production, stocks will build. This is why I think $35 oil discounted winter demand and this represented some kind of cyclical peak. If OPEC can show prudence and discipline in the coming months they will have acheived the oil patch - Holy Grail - sustainably high oil prices. An oil crises will be the absolute worst thing that happens to the patch right now. The worst! I pray it does not happen. Imo when the bear ends sometime during late winter, money will go into other equities first - it's a cyclical kind of thing. If OPEC proves disciplined money will then pour into the patch. Still think there's easier pickin's elsewhere till the spring. Got builders? Got S&L's? ;o} Gold will do well too as an early cyclical play. Most people don't know this, but gold pops early in the economic cycle.