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


To: Platter who wrote (36844)2/5/1999 10:07:00 AM
From: Crimson Ghost  Read Replies (2) | Respond to of 95453
 
OSX acting well in the face of very weak crude. Sometimes we forget that the OSX is supposed to discount events 6 months out rather than the daily fluctuations in crude.

The timing of the next big upmove is very uncertain, but we are building a nice base here. If the market senses OPEC action next month we will be at OSX 60-65 real soon. If not we will languish here for some time. But a huge upmove in the OSX is just a matter of time.

Congrats to BIG DOG and Slider on FGI. But playing this sector is nerve wracking enough without having to worry about individual stocks. So I am now playing strictly through FSESX.