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Strategies & Market Trends : Natural Resource Stocks

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To: crustyoldprospector who wrote (2317)	10/22/2003 1:55:11 AM
From: energyplay	of 108758

I sold most of my PAL - North American Palladium today. They have little gold,and the chart looked toppy on lower and lower volume. Bought some BHP and RTP, as the big miners still seem to have some momnetum. The MZM (money zero maturity, basically checking accounts & money market funds - sort of equivalent M1) has been declining for a while. This will not change the basic inflaionary trust, but is likely to take some of the fire out of speculation. Ask Jeeves (a dot com) is WAY back up, as are a number of other marginal names. Lots of speculation in metals and commodities by hedge funds and others. I thnk the FED is trying to take away the Jello shooters from the party before people start taking off their pants... I' m putting in stops this evening, looking for more cash... >>>Flip side - the head of Ameritrade was on CNBC, and said that the average account had 20% cash, and people don't move money to Ameritrade to let it sit there. So I think we get a 3 day to 6 day correction, nasty, sick making, and then we start climbing again... Best of luck to everyone.

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