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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who started this subject11/15/2003 7:45:31 AM
From: jimsioi  Read Replies (1) of 108695
 
To the thought NASDAQ has peaked...

See the Summation Index, a part of the McCellan Oss for the NASDAQ.....see the turn down and declining tops most divergent to the chart pattern.

stockcharts.com

the question then becomes...if general equities fall do miners come down with them? No, if Gold rallies, at least most likely that would be the conclusion...CRB strength suggests a concern about inflation and future commodity prices...A positive backdrop for PM investments....

Thinking we'll see a little kick back up for the dollar early next week, mainly because the pattern was so down this last...hence not too much in the way of dramatics for Gold and miners, but prospectively a buying or adding opportunity.
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