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Strategies & Market Trends : Beat The Street With SI Traders
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To: Rocket Red who wrote (41178)5/24/2010 6:29:50 PM
From: riversides  Read Replies (1) of 233887
 
important comment from rr,

Mining Stocks:

This pullback is certainly no big surprise, is it? With the lack of accumulation in the mining stocks, the whole rally in the sector was pumped up by the rally in gold itself, which is a poor basis for a rise in price of the shares. A real bull market would have seen massive accumulation in the shares first, then a rally in the price of gold itself.
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