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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: marginmike who wrote (174508)6/21/2002 7:27:22 PM
From: yard_man  Read Replies (1) of 436258
 
I go on the theory that the shares tell us what's up with POG in the near future -- not the other way round and all I said was: the the action was not nearly disheartening as it might have been. Gold barely budged up, but HUI closed positive.

Not sure about hedge comment -- gold shares are up phenomenally since the dollar started sliding -- one could even say the rise in the POG and miners was a bit predictive there.

I think support for the miners is just a little lower than where everyone started buying that one Tues ... another move down won't surprise me -- but some flat that extends way into the fall or early winter would. That would make me bearish and I'd likely sell them all. <ng>

Don't hit me -- I sold almost all my trading positions yesterday and today.

It is not inconceivable that they just start rocking again right here, too.
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