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


To: Big Dog who wrote (32240)11/29/1998 4:13:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 95453
 
Big: An investment astologer's view of the oil market. Before you laugh, you should know that this guy called the recent market trough almost perfectly and predicted Dow 9000 by year-end when we were around 7800. He uses a combination of astrology and technical analysis.

Copyright © 1998 Mike Sheller/Kitco Inc. All rights reserved
In answer to your query about oil ( and gas, of course ) I am starting to grow more and more bullish. Signs of a few o fhe energy stocks
I like are settling back into double bottoms, and I think that it is now time to start nibbling. Yes - I see Spring as when the astrological
configuration that has been weighing upon Oil & gas ( Saturn oppose NYSE Neptune - a real no-brainer if ever there was one ) will be
finally moving off. This year-long phenomenon is what led me to predict last November or so that 1998 would be a down and flat year
for oil. I think we are now looking at a major bottom, and the potential for a secular energy bull that will last for many years. Gold will
tag along as well. I get positive readings on a clumping of oil shares for the months ahead, and again around the year 2000. So I think
we are preparing for a significant bull. All the negative factors are in place and have been discounted for a bottom at the present time. We
could get a final spike down in the coming weeks, but that would be the time to jump in. You might want to look at CRK and KOGC -
two low priced shares which at current prices can bring 200-300% in the next couple of years. Start nibbling your favorite little oil stock
now. The winter will bring the last chance here.