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To: Galirayo who wrote (132377)5/4/2006 12:50:52 PM
From: T-Lo Greens  Read Replies (2) | Respond to of 209892
 
connecting OIH with crude is how OIH got to be so high. you're right tho - they shouldn't have such a high degree of correlation. the drillers are way overpriced, and should correct at least 10% from these levels. take a look at TDW yesterday, that is how/where OIH should drop.



To: Galirayo who wrote (132377)5/4/2006 5:48:03 PM
From: 2MAR$  Read Replies (1) | Respond to of 209892
 
Similar thing could be said of the gold & silver miners at least for the NT too ....as always trading up with POG . Some started to run into R and OB couple of days ago the day the OIH started topping ,

Especially NEM & PAAS were looking due for pullbacks as they failed to rally further the other day when gold cont'd to bid up. Of course if the POG is going to $800 , then everything gets revised accordingly .

(being in Jewelry manufacture for 15yrs , I have a "few"
oz's of gold stashed in a safe place , and a few ignots of silver )