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

To: isopatch who wrote (93505)	8/11/2001 3:03:58 PM
From: terry richardson	Read Replies (1) \| Respond to of 95453

Iso: Its the "eventually" part that's the problem of course. SEC will probably only act once it can be ignored no more and that will probably be only after a major correction due the Pro Forma problem. The Bloomberg piece implied that this would be coming to a head in the next few weeks for some reason. The reason I mention it is because it could be positive for the Gold sector as a flight to safety??? if people turn away from Tech and the markets generally for a while in disgust. To answer your question I am about 27.5% Golds and Silver with Apple as my only stock in any other sector and 65.5% cash. Got into some of the Golds on Sliders call last year but not enough <gg> Increased earlier this year and chased some (hate it when I do that<g>). Did very well in the Gas Stocks from late '99 and had 100% margin for a while then got scared out with the dip around October last year and then stayed out for the most part but nibbled at times. Best stock was XTO which I got into early after it was mentioned on this thread and I did the DD. Should have stayed in longer but XTO got to the stage I just had to lock in the profits. I got into the Nat Gas stocks after reading this thread but what was being said here was reinforced while I was watching Greenspan in some hearing or other into the high price of OIL fro OPEC. Greenspan was asked if he was worried about the increase in the oil price and replied he was more concerned about the price of natural gas next year. Well that was a good starting point and it went from there. Interesting thing was though no one picked up on his answer and although his prepared statement was published the question and answer periods which follow are not recorded anywhere that I have seen. So I now listen to as many of these as possible for the off the cuff remarks. Bought the book 'Maestro' to try to get a feel of the man. Was impressed with his connection to Ayn Rand early on but he is a fallen angel now I'm afraid but still worth listening to for the between the lines stuff which occasionally comes through. I'm a neophite here and although I worked positioning Oil Rigs off Canada (Sable Island & Labrador) as well as other O&G related work in Canada about 20 years ago and like the people and the industry, I am no expert in any portion of it. I read most posts for the last 2 years and lurk on a daily basis but the food fights and personal stuff turned me off for a while. It was taking too long to sieve for the nuggets and as I would rather read than write, don't expect much from this end unless there is something I can post to pay back what I owe. Started lurking again recently and missed SoB. Glad to see you back Slider. Took me a few months to decide you weren't pumping and dumping (most of the time <gg>)although when things were slow there seemed to be some unashamed hyping at times <g>. It's been an interesting, educational and profitable 2 years and I owe Slider a dinner some time If I ever get the opportunity. Regards to all. T. p.s. In the interests of full disclosure I have a share certificate somewhere here on my desk from a company called Breex which I keep intending to frame and put on the wall as a reminder about the Gold sector <gggg>.