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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Tommaso who wrote (13871)10/11/2002 4:06:11 PM
From: energyplay  Read Replies (1) | Respond to of 206361
 
Hi Tommaso - Money for rally - Insitutional money - Insurance companies, pension funds, college endowments. All get interest from bonds and loans which must be re-invested. If they don't want to buy treasuries at 3.6%, they may want to buy stocks at reasonable valuations. Also, hedge funds have made a lot of money shorting, and they can go long.

There is also some evidence that the mutual fund outflow has decreased lately. ($5 B now vs $10-20B in some past months) IF the mutual fund outflow is less than the insitutional inflow, and you have some short covering and hedgies going long on margin, then we could have a nice rally.

Haven't seen your post in a while - You had some great longs, like that Israeli security company, MAGS?
DO you still have BEGBX ?