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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (66307)	3/21/2001 12:32:14 AM
From: Hawkmoon	Respond to of 116770

So; your bet here in the Gas Stocks - has a clock ticking.... you & the Institutions are all going to have to get out of that very , very small exit door sometime soon... within the next 9-15 mos. My... don't you possess a knack for the obvious, now? I certainly didn't say that I was going to hold energy stocks long term, only that I believe they remain one of the few sectors out there that doesn't promise to disappoint the street. And it's still mutual fund money that's driving this market and they are looking to sell their losers and window dress with the stocks making new highs. Hell, you might even see a speculative bubble flare up in the XNG sector, that could rival the Nasdaq if the conditions are right this summer. There's too much money still being kicked into retirement plans that has to be deployed somewhere. The XOI looks to still be ascending on the weekly: siliconinvestor.com The XNG may make a move to previous monthly highs: siliconinvestor.com While the OSX looks a bit more shaky, although still potentially making new highs, which would definitely be the exit point for them: siliconinvestor.com I'm looking at energy as being the growth sector of choice for the next 6 months, and then exiting. And one gold may shine again... but I hope it's because of increased industrial demand and not a financial collapse. I just don't see where inflation is going to play a major role as energy prices suck a greater chunk out of people's paychecks and force them to cut back their consumer purchases. There's a point where high energy prices post an inflationary risk to overall prices, but generally they are a burden on the economy and cause people to hunker down and spend less on luxuries. And that suggest gold will remain flat to lower over the next coming months, and sometime later this summer I may think about reviewing the sector if it appears the energy issues are getting under control. Btw, I guess it seems I'm not as much an imbecile as you originally thought... No, Wait... don't answer that... :0)