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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Davy Crockett who wrote (2551)	10/8/2001 3:40:54 PM
From: TheBusDriver	Read Replies (2) \| Respond to of 36161

being somewhat of a contrarian I am starting to get worried about so many people jumping on the gold bandwagon.....meanwhile we continue to bump our heads (hard?) aganist the $300 wall above us. Each time we are unsucessful in breaching the wall makes me more worried that we might need to test the lows again to gain more energy for the final assult. I agree if we get past $300 things could get interesting. Gold does appear to be gathering for a run. Mabye we need more people on the bandwagon?<grin> wayne

To: Davy Crockett who wrote (2551)	10/8/2001 4:20:51 PM
From: lh56	Read Replies (1) \| Respond to of 36161

that's interesting. reading the column, i had this 'between the lines' feeling that he had a higher number in mind but was reluctant to express it. i bought back into hgmcy this morning under $6. really hasn't moved much, probably tuckered out after last fri. action. i saw this interview, also on friday, of oil analyst Fadel Gheit of Fahnestock, whose expert opinion was that the major middle eastern opec members have internal economic problems if prices get much below $20. so, they're inclined to hold the line more because of internal pressures than pressure from the west. of course, the screw's been turned a little more since friday. cheers, larry