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To: sammaster who wrote (183210)7/24/2002 7:09:49 PM
From: yard_man  Respond to of 436258
 
oversold bounce or miners turning back up?? -- shares usually lead the metal, FWIW -- just as they got creamed before gold did a few days back. In fact they signalled this several days ago by failing to advance when gold did



To: sammaster who wrote (183210)7/24/2002 7:10:45 PM
From: Cactus Jack  Read Replies (1) | Respond to of 436258
 
sm,

Dunno, but for the first time in a while, gold shares led the metal UP today.

jpgill



To: sammaster who wrote (183210)7/24/2002 7:15:12 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 436258
 
<<but why was nem up so much today?>>

Good question...my take is that the dirts were sold to give MuFu and pension fund managers some offsetting gains (for their numerous losses). They had to sell something, because redemptions were rolling in. I think redemptions have stopped, temporarily, so the managers who believe in the gold story piled back in and bought the dirts while they're cheap....

Either that or short covering.<VBG>


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