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

To: Crimson Ghost who wrote (39567)3/11/1999 9:55:00 AM
From: ForYourEyesOnly  Respond to of 95453
 
CREDIT WHERE CREDIT IS DUE:

I remember your comments about gold & oil and which one would come out of the trench of death first. And I remember clearly your statement that oil would move harder and fastercc..

And lo and behold, oil is up nearly 50% off of the lows! If gold had done the same, it would be well over $400 & the mining shares would be on fire!!

A bold futures/options position in oil initiated a short while ago would be worth quite a pile of cash.

Congratulations!

THC



To: Crimson Ghost who wrote (39567)3/11/1999 11:17:00 PM
From: Douglas V. Fant  Respond to of 95453
 
George, Gold has been in a major bear market with four strong down waves and with efforts at retracement at each wave. If we break out of the downward trend here in gold, then I believe that that augurs well for oil too, as gold traditionally leads all commodities in upturns


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