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

To: Think4Yourself who wrote (83332)	1/3/2001 2:23:18 PM
From: ItsAllCyclical	Respond to of 95453

OT - JPQ, Gold/Cash/Taxes/Opportunity costs I wasn't cutting losses, just opportunity cost. I got out even or slightly ahead in every case. My gold stocks were taking up too much buying power. I still believe in the yellow stuff long term, but don't know if that'll be 6 months or 2 years. Either way wanted to raised more cash for either OSX, XNG or tech buying opps if they present themselves. Also want to say very liquid ahead of paying 33% of my portfolio in taxes in a few months (I'm assuming a worse case scenario of paying 50% since most of my gains last year were ST). In terms of gold I expected that breaking 3000, 2500 and making news lows on the Nasdaq would scare more people into a defensive posture. I also expected that the dollar pulling back would also help. Since the POG is not reacting well to these events I'd rather sit back and re-evaluate. Greenspan's agressive rate cuts probably put any break of Nasdaq 2000 on hold for the time being.