Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: nspolar who wrote (12086)	5/10/2002 12:41:31 PM
From: ItsAllCyclical	Read Replies (1) of 36161

NSPolar, what's your rationale on selling PAAS and GLG? Just curious. Typically in a gold bull silver eventually outperforms gold 3 to 1. Just like gold stocks have signaled a move to come in bullion I think PAAS and SSRI and other silvers are signalling a move to come in silver yet. The breakout pt for silver is around 480. If we do break higher on gold silver should move in sympathy on that move alone. Was it purely a valuation call? Do you plan on buying back either? If so at what prices? TIA. Don't know about GLG, but I think PAAS trading above $6 is very bullish here technically. There's a little resistance around 7 to 7.5, but then very little until $9-10. Not too many silver play around so I expect them to trade at premiums (especially once silver breaks 480 and 500 respectively).

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