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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: crustyoldprospector who wrote (3045)11/6/2003 8:54:06 PM
From: yard_man  Read Replies (1) | Respond to of 108766
 
>>depending on general stock market<<

please elaborate. Do you think we need the market to be strong, in general, for miners to advance? or?



To: crustyoldprospector who wrote (3045)11/6/2003 11:31:18 PM
From: Activatecard  Respond to of 108766
 
Crusty,
I sold all my dirts. This insures the single largest one day rise in the HUI ever recorded on Friday.-g- And that -g-
would be a -VBG-, if I really thought it might not happen. But, after seeing all the lather and excitement with last month's job report over 23,000 phoney jobs, the risk reward was not compelling. The London PM fix on Oct. 3 was 384.25, the AM fix on Oct. 6 was 372.75. Imagine the spin with 200,000 new jobs. Don't think jam job, think hand job!!
And maybe they don't wait until after the London close to administer the appropriate bitch slap.
HUI 190 would be similar to July, great entry.
Steve