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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: TH who wrote (101624)2/24/2009 11:06:17 PM
From: LTK0071 Recommendation  Read Replies (1) of 110194
 
Post again just for those not aware the vitalness of the POG ratio.
But first note, in the move from 11-1 to 7-1 the miners DID made huge gains for those that bought the bottom(players that buy at 5k to 20k shares at a shot), i think profit taking was big here.
People i think miss the move in silver and gold miners were in percentage gained was MAJOR off move off there lows.
A for instance say someone bought 20k shares of NG at 50cents, if he dumped at 3.50, he had a 700% return, as he sold for 70,000 dollars what he bought for 10,000.

One MUST factor that those poured in at the bottom were looking at BIG PROFITS, these miners had quite a run.
The miners have been the BEST performing stocks since the market bottom.

There are quite few that were up 200% to 300% in a relative short period of time.
Most of selling now i think are exiting with a killing, i tip my hat to them for pouring in when everybody was FROZEN.

Ratio POG to $XAU/ Ratio POG to Hui
You will see ratio went from below 5-1 to 11.5-1 to 7-1 and now 8.5 on what i feel was the taking out of big profits.
Stocks that make a parabolic move off a bottom as the miners did, oft have an initial significant pullback.

Message 25425290



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