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

To: Roebear who wrote (90898)	5/15/2001 8:27:16 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Roebear... Can you get horse racing results "5 min ahead of time" as well (VBG) ? Golds looking good. They broke thru resistance. Now its time for the POG to carry the load for the next leg up. Rate cuts fundamentally weaken the dollar. Ramping money supply fundamentally weakens the dollar. Our account deficit fundamentally should show a much weaker dollar etc... all things point "fundamentally" to a much, much higher price of gold & since the Rubinites are now out of power - perhaps the interventionist/manipulations on the POG will ease and Kudlow and Forbes will see the $320ish POG they say we must have. Oilpatch is all about those supply trends moving in the wrong direction into a still slowing economy. This is very simplistic here for Oilpatch traders. As long as the demand trend weakens into a rising supply trend - wave, after wave of Oilpatch investors will exit. Imho; those who are ready, able & willing to sell if trends remain the same - VASTLY outnumber those who are willing to buy the dip in this supply/demand & economic environment. This isn't a difficult call presently - as there is simply no, zero, nada macro driver for any significant, or substantial breakout move for the patch here... ie: "aint no one going to miss anything; anytime soon..." It's basically a game of "attrition" here for Oilpatch Traders & they can't & won't win being long UNLESS - this rising supply & weakening demand trend strongly reverses itself - and/or untill we see a strong reversal in the US economy. Short term; it's all about the API's & the AGA numbers. 135 is "THE WALL" unless something dramatically changes in the API and AGA numbers & the US economy. The earnings are there & the commodity prices are still there - "for now" to support much higher shareprices & new OSX highs ultimately; but NOT as long as the early warning - cycle exit indicators are trending negatively.