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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who started this subject	11/24/2003 11:23:12 AM
From: crustyoldprospector	Read Replies (3) of 108673

Sold some Can. PM juniors at the open on the nice pop. Remaining SML, 1/3 of AQI, 1/3 of ANOu, and all of NRI. Sum total was a small gain, and reduced PM exposure from 47% to 41%. Don't like the gold STOCK action, regardless of the physical gold manipulation stories. General market shooting up and miners stinking is a negative divergence in the current environment, IMO. In major market pull-backs (a la 87 and 02), miners started sliding a couple of weeks before the deflationary panics set in. If we get another couple days of PM miner STOCK action like this, then this week's rally in the general market should prove to be a failing one (S&P not exceeding 1055). IMO. Will be looking to re-enter short funds before next Bradley turn (8 Dec). Regards, crusty

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