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

To: Redman who wrote (24158)	6/15/1998 6:03:00 PM
From: Gator II	Respond to of 95453

Greenman...Well, said! You are right that Money Managers's will eventually have to find what they believe to be a safe haven because, yes, the bear will come again, someday. Money Managers will, no must, attempt to protect what profits they have in addition to having to put to work new money coming into the market daily. No other sector is as oversold as this sector, IMHO. Thus, the oil sector WILL be the safe haven when this scenario plays out. Couple what you said with the general assumption that the bull market is intact and historically, the fact that the energy sector is generally the LAST sector to correct before the bear puts the bulls in full flight, means, IMHO, the bulk of the energy sector's deep, deep cycle top has a long way yet to go....up! Gator II