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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: Bill Murphy who wrote (2909)1/6/1999 7:42:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 82179
 
Bill: Glad to see some action in silver, but still think black gold is the place to be. A vital commodity unlike the yellow stuff. Black gold soared about 7% today and oil service stocks exploded with the OSX (oil service index) up nearly 10%. My profits in oil service have now erased my losses on gold stocks and the move is just beginning IMHO. You have no idea how great it feels to be investing in something that Greenspan and his cronies cannot manipulate.

Gold may well take off this year. But I still see money placed on the yellow wheel as more akin to gambling than investing. And the odds will always be in favor of the house (the CBs).