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

To: Paul Shread who wrote (3502)	11/1/2001 11:37:07 AM
From: isopatch	Respond to of 36161

Thx. Paul. Guess I'm only slightly more bullish in here<g> Current cash allocation down from 68% - 2 weeks ago - to 50-55%. The other 45-50% is in the golds, domestic security stocks, and a few NG directed OS plays + 1 small NG E&P I've been holding for Intermediate - Long Term since late summer with a moderate paper loss. May take some ST profits in several of the above soon. Do think another market melt is apporaching. Right now, the most important opportunity IMHO is - at least - a good run up the trading range for gold. Bot a healthy chunk of KGC the other day @ .85 vs bailing a very large position there 6 wks ago @ $1.00. That critter's been a good trader for me this year. Also have NEM CV PR, NEM calls and some KRY I've been sitting on for awhile. When we get up into the upper part of golds trading range, just have to see how strong the tape is and hope I "guess" right again<G>. Best regards, Isopatch