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

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To: LLCF who wrote (63418)2/12/2009 2:32:40 AM
From: marcos  Read Replies (1) of 78416
 
How many players sucked into the 'broad market' du jour are also holding little mineral juniors, i wonder ... you'd think that anybody clued into them would have long since learned to stay away from uptown stocks? ... takes all kinds i suppose, so no doubt there are some, and metals stocks are still stocks so they get sold to meet margin calls, for sure, to what degree that would happen and how long the effect would last, we'll see

I'd give it 60/40 that they'll ramp the broad markets, by hook or by crook, to some meagre extent, for a while at least, a few weeks ... then later a sell-off ... new management usually feels free to let the ugliness run as long as it can be plausibly blamed on the old crew, that's true, and the year after US presidential elections is historically not the best ... i dunno, go back and forth on the whole thing, not sure, but i don't think this is the time to raise cash quite yet ... hope i learned the lesson from last fall, and react in time, all in at the moment though

Au/Ag has edged under 69 overseas ... steady slope from 83 six weeks ago
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