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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Aragorn1968 who wrote (536)9/21/2005 4:48:40 PM
From: Zincman  Read Replies (2) of 78419
 
Yes- Strange how these jr's respond to the rising POG.

As a novice investor/speculator, MVHO is:

There has not been any real good news come out of them since BCM. I think the lack of good news from some, and any news from others, is causing a crisis of confidence in some plays.

For example: Many thought NW would at least of found something below the surface- Now that they did not, and subsequently dropped their option, many are taking a close look at their PF's exposure to these type plays.

Also, with gold breaking to new 18 year highs, many investors might be moving to companies with known resources- thus reducing risk w/ drillers.

O/G and energy is sucking money from all sectors.

Seasonality uptrend falling off here.

Add all those together and you get the small selling we see.

I'd be more concerned if we were seeing large positions being liquidated.

JMVHO,
Mac
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