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Strategies & Market Trends : Mike's Big Adventure Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (350)	11/14/2004 12:25:46 AM
From: Square_Dealings	Respond to of 1791

yes, it looks like PAAS and AEM are the strongest now but I expect the others are just consolidating. SIL has been strong the past few days I learned in a true pm bull market that silver lead gold but I dont have a reference of where. But I could see it going either way in different times. If the silver/gold chart was a stock would you buy it? stockcharts.com[h,a]wacaynay[pc40!b8!f]&pref=G To me it looks like its getting ready to break out and if Friday's performance was an indication then we are in for a ride in silver. Silver was up 3X as much percentage-wise as gold and this was on the day that gold broke out. The beauty of silver is that besides being a precious metal for investing it has industrial use and is in short supply. I think the occurrence of silver on the earth is 1/27th that of gold, something like that. I think that the general public doesnt even appreciate gold yet, let alone silver, and the silver dealers are using this opportunity to collect silver shares. Since I have been increasing my exposure to metal stocks in general I have narrowed my gold stock investments to MDG, PDG, KGC, and NEM. I should have kept GG and Im thinking about buying it back. Last week I converted some bond holdings to gold futures which I intend to take delivery on. There's some solid action in the junior stocks but I prefer lower beta. But I have been concentrating on silver stocks lately that is most of my pm stock portfolio. AEM, PAAS, WTZ, SSRI, and SIL are my biggest positions. I think when the cat is out of the bag regarding silver its going to make the gold move look wimpy (and I expect a huge move in gold). M