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

To: isopatch who wrote (7121)	2/2/2004 4:17:08 PM
From: Roebear	Read Replies (2) \| Respond to of 109014

isopatch, Daytraded PM stocks for today, all trades profitable and closed. I admit was lucky, but long experience on the down side in XAU/HUI mkts also makes luck in this kind of market. Back to 30% energy (companies I really like), 1% PM's (basis I really like), 69% cash. Some may believe the strong HUI close as bullish, they may be correct, with a long term view I am still bullish on the PM's. However, in the short term, I am very unimpressed with the EOD rally. I pay attention when the HUI breaks a neckline and it is still below both the bottom horizontal line for the double top and the downtrend line. The HUI will either resolve very quickly to the upside or continue in fits and spasms on its way to HUI 188. Caution and a quick trigger finger are advised in this market. Best Regards, Roebear