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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (7632)	1/10/2008 4:38:34 PM
From: SliderOnTheBlack	Read Replies (5) of 50579

Notice anything "unusual" in today's HUI rally? How about this... Heavy volume, but profit taking in Barrick gold today, as the big boyz are taking profits into strength. Barrick/ABX was the only HUI component that wasn't up today (as I type this). And considering it's 16%+ of the HUI index... just think of where the HUI would be today if Barrick was leading, instead of lagging. By the way, here's the current HUI Gold Bugs Index component weighting: HUI Index Components as of: 01/09/08 Company Name Symbol % Weighting Barrick Gold ABX 16.69% Newmont Mining NEM 14.17% Goldcorp Inc GG 10.03% Yamana Gold AUY 5.55% Harmony Gold Mining Adr HMY 5.29% Kinross Gold KGC 5.29% Gold Fields Ltd Adr GFI 5.23% Agnico Eagle Mines AEM 5.22% Iamgoldcorp IAG 5.03% Randgold Resources Ads GOLD 5.00% Eldorado Gold Corp EGO 4.89% Coeur d'alene Mines CDE 4.49% Hecla Mining HL 4.47% Golden Star Resources GSS 4.40% Northgate Minerals NXG 4.26% Nothing to over-react to, or lose sleep over... just a reminder to "do as they do - not as they say." ALWAYS take a few chips off the table into nice moves like this, because it allows you to be trading out in front of the market - in anticipation of it... and not behind it - in reaction to it. If you caught the big move off of the washout in August down to HUI 284... if you took profits on this first move through HUI 460...if you added some puts - that turned profitable... if you "sold" puts to cushion and discount your re-entry at the double bottom support line at HUI 370 in mid-December...an if you just nailed this 100 point move in the HUI.... "do as they do" and be banking some chips. Here's the new "money line" -- HUI 434. Move those stops up tight... if we're going to HUI 520-560 in a parabolic move... 434 will hold. And if it doesn't -- you know how to use those puts in both directions - right? Don't get greedy. We just got... -- 150+ HUI points off the August washout to the first run to 450-460. -- 50+ points of "put power" on the pullback to the HUI 370 double bottom. -- And now another 100 HUI points up in less than a month. That's 300 index points - just since mid-August! 300 freekin' Index Points - in 5 months people!!!! ...now someone tell me about "buying and holding" commodity stocks!?!?! And keep those Thinking Hats on, because Goldman and the big boyz that ran up Barrick have theirs on. Do not think that it will stay "this easy." Because it won't. The public will now be drawn to gold. The casino doors are now open...and in come the touristas. Someone has to fuel the parabolic top now don't they? And someone has to "sell" to them. ...which "someone" do YOU want to be? "Pigs get fat, but Hogs get slaughtered." Don't think that Central Bankers are just going to sit idly by and watch gold make fools of them all from a headline perch. ... they won't. So be a good scout -- and be prepared. Mo later, S.O.T.B.

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