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Strategies & Market Trends : John Pitera's Market Laboratory
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To: ajtj99 who wrote (14238)6/30/2013 1:28:58 AM
From: chris714  Read Replies (2) of 33421
 
I agree with you Aj and was putting my money where my mouth was this week....I started buying Wednesday afternoon(NUGT, SLW,RGLD & NUGT Calls).

I have metals positions(unfortunately) that were purchased in February but I quit adding in March due to the relentless slide.

However sentiment got so bad on the 26th that I felt I had to step in. To me the HUI/XAU stocks felt like death on Wednesday...or maybe worse. I have felt that before in other markets. Feb 09 for the SPX..Oct 08 for the HUI..etc

I figured that we would get a big dead cat bounce if nothing else...still not sure if we have hit a long term bottom but if not, we have to be close,

Chris
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