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

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To: TheSlowLane who wrote (4792)4/21/2006 1:02:01 PM
From: Louis V. Lambrecht  Read Replies (1) of 48092
 
A good time as any to look at one's port and get rid of any position with less then 5% rebound. LOL.
We might have had a one-day only correction if July silver closes > 13.25
Gold June already is better, and negates then the bearish flag/pennant.
Many indicators turned bearish yesterday.
So, first a bulltrap, then a bear trap, yet another bull trap to follow?
Guess not, but have been wrong more then often.

Remarkable is that yesterday was a broad based commodities bear, while today the whole commodities complex is up again.
So.... did the market reacted on Chinese/US speeches? My fav.
Remarkable also on the threads was that people were pondering on the rebound level, no panic of any sort. Even accepting a second leg down. (My reading anyway).

??? Silver/gold still not make the media, could be that most people owing PM equities only are old brats. In that case, my! my! we haven't seen anything yet if the crowd/funds start buying.
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