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Strategies & Market Trends : Natural Resource Stocks
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To: crdesign who wrote (24305)4/29/2005 12:05:11 PM
From: Roebear  Read Replies (1) of 108865
 
Tim,
End of month is prime time for POG/HUI moves, usually contrary as this one will be if it works out. Note also that they like to give the longs a good pummeling before letting any up for air, hence my early exit in March and my quick reversal almost three weeks ago. I've had enough beatings a long time ago so I try and avoid them now.

I would not suggest anyone plunge IN like I do unless they can rocket OUT like I also do, ggg. OTOH, were anyone tempted to dabble, I would suggest, IMHO only of course, that they view the recent gap on RGLD hourly and take any break above 18.69 as a definitive move for RGLD and the HUI.

I could be wrong of course and I am a trifle early, as promised, but that is how I am playing the game for now.

Best,
Roebear
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