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Strategies & Market Trends : Ride the Tiger with CD
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To: koan who wrote (98587)11/11/2007 10:43:47 AM
From: Little Joe  Read Replies (1) of 312318
 
Interesting take. Here are my observations for what they are worth. On a day to day basis gold stocks appear to be strongest on days when the market is up strong. However, often when the general market has been down hard the drop in PM stocks has been small and on some dsys, even up a little. Over the last few months the general market has been sideways to down, while gold stocks are almost all making new highs.

This suggests to me that PM's are probably going to go their separate way, and will probably move inverse to the market. When this occurs the jig is up and general market will begin free fall.

I am not getting why you think tomorrow is so important. I suspect, the operative word is "suspect", that we are near a short term bottom in the general market and I am even considering going long on a hard break. Probably SSO.

Guess that is enough cerebral exercise for a Sunday morning.

Little joe
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