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

To: SliderOnTheBlack who wrote (91330)	6/5/2001 10:44:02 AM
From: SliderOnTheBlack	Respond to of 95453

Added some "GOLD" (the stock) here... Still nibbling - like GOLD near $4ish here - added a bit & will sit in the middle $3's if seen for the boatload... HM not quite there yet, but waiting for it as well. FWIW folks; MTG refi's are collapsing. Debt loads are too high - an industry watershed event is happening; people are refi'ing for rate & term only; to save money - they are NOT taking the cash... consumer sentiment & spending is going to continue to ramp further down.... nothing the Fed can do about that - as it's an overburdened and now fearfull consumer who's getting laid off left & right; that is not going to respond to either a tax cut, or rate cuts...because they can't - they're allready tapped out & now they're afraid & for good measure. ... it's coming & it aint pretty folks. Long Gold/Silver beginning to short the patch; gas now & oils soon short the broad market selectively keeping a good measure of cash for BOTH offensive & defensive reasons