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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (3870)	11/26/1997 2:10:00 PM
From: Broken_Clock	Respond to of 95453

Hey guys, take heart from the PM sector folks. The gold stocks took such a beating since July! Now anytime there is bad news they hardly even flinch down...they've been beaten senseless...My point is that things can only get so bad before people just won't sell. I do concur that Dec. 1 seems likely to impact one way or the other(OPEC and all). Probably likely that they will raise quotas since it is established that they are exceeding the quotas already. market sentiment for drillers being what it is, I would expect a sympathetic down move for at least a day. Tuesday or Wednesday seems like the next entry point for the most likely near term bottom...What other bad news could be out there?