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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bob Tate who wrote (8679)	3/22/1998 3:30:00 PM
From: gregor	Respond to of 116767

Bob: As to the timing of your scenario; I see the events leading to an 87 sytle correction in place by mid to late summer. I am very heavy into some growth mutuals and starting after 4/1/98 I intend to pull 5 % of my portfolio out into cash every day the NAZ average goes up over 15 points in a day. So ten good days like this and I should be in 50% cash. As to the big "oil" opening in the morning this is going to be a suckers rally that will play out in the next 10 to 15 days. Yes it may be a good time to get into oil if you have a three year horizon; but I say if you buy at the highs of the week it's six months before you break even. I made some good oil buys last week on PTEN and TDW and will probably add a few in the morning but I'm making it a short term strategy.I'll add UTI and either ESV or CDG. The one good thing about gold here is that it is a great time to add to your LT portfolio.....gregor

To: Bob Tate who wrote (8679)	3/22/1998 3:43:00 PM
From: philv	Respond to of 116767

You make some very good points Bob. It does seem like all the liquidity is going into the equity markets. Not only money printed by the Feds, but also money created overseas is now coming to the markets at an increasing rate. But it is not confined to the equity markets alone. The Money Markets have benefited from Japanese investment for example, for many years, due to their low interest rates. Some analysts seem to have boundless optimism that this situation will go on and on. It will end one day, but it seems to me not until the US dollar retreats against world currencies, or a massive stock market crash occurs. Either one will affect the other, which will be first? Phil