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

To: SliderOnTheBlack who wrote (4416)	11/26/2001 1:09:45 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 36161

NEM's chart - THE BAROMETER of Gold Stocks Since Friday Nov 16th... NEM has a 1.7 Million positive OBV acculation into the contraction from $19.60ish to $18.80 of present... lots of shorts.... lots of shorts - but, into still positive OBV... I love that ~ Added @ $19/$20 sitting patiently for $17/$18. The LT chart for NEM since the Oct/Nov 2000 bottom is still intact. If $18 holds here the next upside target is $28-$30 imo... lots of shorts to cover on any "event" driven catalysts - as well as the eventual arb covers post merger. I'd love to add some calls & leaps at $16ish... that would be my own personal little stocking stuffer for Xmas. The Funny-Money Fiat Express is still smokin~ ...and the eventual return to a US Dollar managed descent still bodes well for a secular gold bull. I think the Derivatives Cartel has one more downside "push" left... but, conversely - one more event driven catalyst may also finally break gold out & above $325 and then the derivative implosions start... Gold stocks are in much, much stronger hands today than last fall... the game has changed and I think some of the Derivatives players now realize that.... Barrick acquiring Homestake wasn't a coincidence... watch Anglo & Barrick both continue to go after unhedged producers to protect their asse(ts)s here.... CNBC FLASH ! ...RUSSIA to increase Oil production by 15-20% over the next 2-3 years & says it can withstand $15 Oil. I think they'll soon get the chance to walk their talk - ie: "withstanding $15 Oil".... $18 & counting...tic-toc' Do I hear a dip to the $14's anyone ?

To: SliderOnTheBlack who wrote (4416)	11/26/2001 1:19:29 PM
From: Cogito Ergo Sum	Respond to of 36161

LOL.....Or a scene to expect from an old Cheech and Chong flick..

To: SliderOnTheBlack who wrote (4416)	11/26/2001 3:36:31 PM
From: Douglas V. Fant	Respond to of 36161

Slider, As Dorothy said in the Wizard of Oz when she first entered the gates of OZ- Now that's a hash of a different color ha! British hash races are where you run from point-to-point in a cross country course following clue by clue. If you do them near or in the dark, then they become much more challenging....They do these things in literally some of the wildest places. SW of London at nighttime was not too bad- except for all of the thick brush and gopher holes....