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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: koan4/10/2006 3:16:38 PM
   of 78417
 
Pro sell into strength and amatures into weakness. The market looks perfectly normal to me. No manipulation, just some normal profit taking and general market gyrations.
I bought and sold some stuff today.

over the last couple of weeks I sold a bunch fo my slw wts and bought juniors like ecu, uc, mai, fan, etc.

and the slw wts have stalled as they are supposed to do and the juniors have been smoking.

this is the normal pattern becasue one can quantify majors so they tend to move with the metal until parity with it is reached and so the pros move to undeervalued juniors which always follow the move in majors.

I still have a bunch of slw wt, but if you compare slw wts to ecu, exn, uc and mai (all junior silver producers or close) over the last 3 weeks you will see they did much better.

Cheers

Cheers,
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