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

To: Broken_Clock who wrote (9700)	1/26/1998 7:35:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 95453

Did anyone notice the price of oil is up this morning? If the dollar drops doesn't gold start to recover? Usually, yes and the dollar is down. When bonds drop do interest rates rise? Usually, yes. Asian bullish percent indexes have had supply drying up for a month or so and it looks as if demand is coming in, hence the dollar dropping (I believe). If the interest rates rise, which is usually bearish for the market, and the NYSEBP hasn't been able to gain support with interest rates going down, will it do even worse with the interest rates going up? Probably. Add a conflict with Iraq and viola! Time to have puts on the Dow. However, this might be bullish for Oil. With the way the market is structured now, solid long term investments need to be initiated with the FA and TA firmly in place. With the market being bearish, trades would be best taken on the short side. Obviously, there will be those bucking the trend but I'm speaking of an average. Basically, I'm saying be careful. Before you panic, oil services is still in bull alert and doesn't look to be reversing down. If something bad happens to the market, oil services is already pretty washed out. We shall watch and see. Jan