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

To: jimsioi who wrote (16373)	10/14/2004 1:25:53 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 108586

Gold action is worrisome imho (at least w/respect to being overweighted). I have been selling much of what I bought yesterday to get myself back to a overweight core holding around 35%-40%. Still over 50% though in many accts so waiting to see how day progresses. Small profits from prices paid yesterday. It may be options. Thought about that too. Don't like that gold is up almost $7 from yesterday's close and gold shares as reflected in the HUI are up less than 2%. Rather pathetic action. Oil up as well. Maybe there is just lots of disbelief in the oil price. Don't mind buying back higher once trend is clearer. So far this bounce is very anemic.