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Strategies & Market Trends : Natural Resource Stocks

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To: c.hinton who wrote (10779)5/1/2004 6:53:27 PM
From: jimsioi  Read Replies (1) of 108865
 
Story about shootings in SA

This has serious implications and continues a trend of increasing violence....

I see this link now on ABC News
abcnews.go.com

May provide a little pop in miners Monday, but unless Gold gets over Friday's high, moving up to a challenge of the short term downtrend line at $397 and holds, I suspect it's a selling opportunity in miners....again...Iran story about Crude would seemingly set the stage for a retreat in Crude following it's weakish close Friday, but we'll see....Cross currents here are hard to rationalize into a strategy...but CASH likely will most likely continue in the role of KING...

Prefer the metal position as provided in CEF holdings to miners....

June Gold
futures.tradingcharts.com

Accelerated uptrend line in June Crude comes in at $37
futures.tradingcharts.com

Have to be looking to liquidate the more oily E&Ps in portfolio and weaker NG items if we start to see a break...figuring this strong sector will correct with what seems to be brewing as a dark MONDAY for general equities.

DXE Weekly
stockcharts.com[h,a]wcclynay[de][pc40!c10!c20!f][iut!up14,3,3!ue12,26,9!lb14!ll14!ld20!lya7,14,28]&pref=G
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