A bit of a shocker, i`ll say, but could be that my theory about even the goldbugs not believing the rally is worth sh#t, and we are going back down... Or the rumors about a take over turned the other way around ... or there were actual negotiations taking place and they fell through... or a number of other reasons i will never know , nevertheless, i feel ok about the purchase for now, all considered. I felt like puk%#g last week over all those gold shares i own, but that is usually the time to buy them when that happens. SWC looking good, huh?
Lost the link but had something on Yahoo yesterday on pulp (the pulp in pulp and paper, it was a Finnish index - there are apparently 2, one is called the FOEX, however it had no one year chart available, and the other one, the one i cant remember, had a one year chart, if you search for FOEX it should come up in one of the stories ) being up 8% since last year. They are all going up, all of them, the commodities. Odds are starting to look better by the day... for gold.
I agree with Luc`s message yesterday though, a slow grinding rally would be best for gold. Sharp snap back smell too much of a bear rally... ( do i need a disclaimer with this?)
Best of luck
sg |
