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

To: n2profit who wrote (32219)	11/29/1998 9:52:00 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

GOLD vs OSX found this on yahoo by Mux4 " Gold stocks bottomed and have made a decent recovery. At the height of world bank selling, nobody wanted gold stocks, and yet even at their 52 week lows, their p/b and p/s ratios stayed above (sometimes way above) 1.FGII's p/b is up there, but alot of the drillers and service stocks have p/b's around 1. So if gold stocks never ventured below book, shouldn't we expect the service/drillers to bottom out SOON?? Even if oil moves toward 10$? I mean, enough is enough.Plus, are the early bird wash sales over now? Who waits till late Dec.? Santa, please post this on the strictly drilling board". Gold stocks did indeed stage a major rally last summer, but only after a sickening plunge. With every conceivable piece of bad news re: the drillers now poublic knowledge, I agree we will trough very soon. But OSX could easily drop another 5-10% before the turn.