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


To: Gary Burton who wrote (38959)3/4/1999 6:55:00 PM
From: VLAD  Read Replies (2) | Respond to of 95453
 
The mantra for this sector has long been "Its the price of oil stupid". Well the price of oil finally seems to be showing a clear trend to the upside. Domestic production has been cut dramatically. OPEC seems to be getting its act together. Asia is showing a gradual recovery. Do I assume that the fund managers now finally have the clear signals required to start rotating their cash into this sector?

Is this another fake rally or are we finally on a clear uptrend??