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Strategies & Market Trends : Natural Resource Stocks

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To: SliderOnTheBlack who wrote (20082)	1/14/2005 3:43:06 PM
From: ItsAllCyclical	of 108710

(edit) I wish saw more than one day of divergence. Today gold is down .7%, but Rand is down only .15%. Gold/Rand chart shows some potential for a bottom here, but I'd like to see more confirmations either with SA golds leading or Rand showing better relative performance. Have lightened again on DROOY and this time will wait for better confirmation before adding again. The whole market seems rather precarious to me here. Even good news in tech isn't doing much. Intel failed to rally the semi's. Apple crushed estimates and barely moved. Some high-flyers such as TZOO, TASR and SIRI are selling off. Yet complacency still remains very high. Gold and Euro seem like they're set up for a least one more move lower. Still holding a core PM position and lots of cash along w/some GERN. Don't think gold stocks will do much until the Euro tests at least the 1.29 level.

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