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Gold/Mining/Energy : Precious and Base Metal Investing

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To: gold$10k who wrote (14731)7/24/2003 5:18:21 PM
From: jimsioi  Read Replies (1) of 39344
 
valuetrader, I see there was notable life in the juniors, today

Notice RMX sprang up among others...great. American Bonanza and whatever that other penny I have that starts with a "Q" continued higher. However, my flock, overall, under performed largely due to MNG's decline ascribed I suppose to the "bought deal" priced right about where she closed and where I added a bit...Using HL as a proxy for the HUI group, we're seeing the indicators cycle back down their respective scales in an upward consolidation. They won't come too much further down without a shot at the high end again, if the dollar fails out of the rather poor pattern it left at the end of the day.

Gold certainly seems to have a head a steam going for it here. Always looking over its shoulder for the Hammer Man. Will futures' profit taking and profit taking suddenly appear??? My thinking is if they should that there's many a player waiting in the wings for a chance to add or buy on any dips like the brief one we saw today at $357, early.

HL - waiting for a dip of more than a dime on which to buy has the feel of being a futile endeavor. ...

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USD
ts-lc.sc8.finance.lycos.com

The PM Bull is snorting. The weak close in the general market at a point where it looked like it might set off some buy signals if it could have extended should be noted.

QQQ failed at 32 where there was key overhead; exited long position at 31.91
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Even defense contrators which were showing signs of emerging in one notable case, LMT, seemed to have reversed following earnings. (Noticed Russell's comment on general equity stocks one after another making what look to be breakouts and then failing.)
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