Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Yogizuna who wrote (4662)	4/10/2006 10:48:30 AM
From: Louis V. Lambrecht	Read Replies (2) of 48092

when the stock market crashes big time, many precious metals stocks go along for the ride The throw the baby with the bath syndrome. Noticed some micro moves also: PM equities sold with the market, then while the market still goes down, buyers step in the PMs again. Used to be 3-4 days, but the recersal currently can happen even late in the same session. The $64k question is to evaluate the risk to be caught in the broader market correction vs. missing the PM's reversal. Both moves can be harsh and fast. Maybe too fast if you don't have the right trading tools, as suggested by the mico moves which also are shorter in time then before. Btw, here goes my tax day selling theory. Must say I did't looked at the charts this week end and woke up late. Silver + $0.35 <g>

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