Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Claude Cormier who wrote (6459)	12/30/2002 4:31:39 PM
From: TrueScouse	Read Replies (2) of 39344

CC: Interesting action today with both the US$ and the POG moving down. But crude oil also fell sharply towards the end of trading, so I think the POG is reflecting this -- added to the fact that we were due for a correction after an almost vertical move up for a couple of weeks. If the US$ keeps falling, the POG will take off again soon. IMO the PM stocks held up very well today. With the POG down 1.5%, my own PF was only down 3.1% -- a leverage of about 2 to 1 on the downside. However, for the recent moves to the upside, the leverage has been 4 or 5 to 1. So this shows me that there is new stock buying coming in, even while the POG is correcting. At least I think that's what it means? (vbg) Regards, Howy

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