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To: isopatch who wrote (89947)	4/12/2001 11:32:31 AM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

PGO is continuing it's slow uptrend. askresearch.com Double bottom? Quite possible. Breaking above it's 50 ema/dma here and MACD turning positive again. It's been basing for almost 3 months now so I'm starting to accumulate again. Bought some yesterday in the low 9's. Will buy again if it breaks 10 and then pulls back. Earnings come out on the 25th. EEX also looks interesting again on a break of 3. Just looking to scalp, nothing more. For those interested in gold I've noticed quite a few call options for April in HM, NEM and others. If one believes in the theory that most options expire worthless then we may see a nice move in the HUI after/starting April 23rd. One thing for sure, between lease rates and COMEX stockpiles something appears to be going on in the gold market. I'm also encouraged that gold bounced off 255 yet again and that NEM and others are holding the bulk of their gains.

To: isopatch who wrote (89947)	4/12/2001 2:17:37 PM
From: Archie Meeties	Read Replies (1) \| Respond to of 95453

I disagreed and cont to disagree with you that the patch is rolling over and the ng bubble has burst. I know this is mostly an academic arguement to you, as you're playing these rallys with nice position trades like CRZO, but anything to stir up the SD kettle. -g- As I said before, I think the memories of an Asian contagion and how they took the bottom out of oil (and other commodities) are too fresh on everybodies mind. A repeat of it has cast doubt into the patch (coupled with some nice shakeout shortselling) - but this doubt created opportunity, and I was happy to take a few calls as the OSX broke down. You were looking for $3.98 NG, and in such a situation the patch would tank, but that doesn't seem to be shaping up. My concern is the OPEC gets limp wristed and can't stick to quotas - then we see just how much NG and oil can diverge. Historically, they can't for too long.