SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (23296)12/13/2004 12:55:28 PM
From: ild  Read Replies (1) | Respond to of 110194
 
Date: Mon Dec 13 2004 11:56
trotsky (Hambone) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
in dollar terms it's about 120 million...not a whole lot. but the Rydex funds are a good barometer of general retail investor money flow trends, i.e. it's reasonable to assume that the overall outflow of small trader money from the sector was far larger.

Date: Mon Dec 13 2004 11:43
trotsky (frustrated@NEM calls) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
there's that, but with the exception of a handful of stocks the entire sector looks weak.
still stuck in the same mode it's been stuck in for several weeks - you need fairly big gains in the PoG just to keep the stuff from dropping further.
not sure what, if anything, will change that.
that said, we can probably expect a good post tax-loss selling spike in January. also, Rydex pm funds have lost about 40% of their assets over the past two weeks on account of withdrawals by Rydex timers - and remain about 50% below last year's high. that's a bullish contrarian sign, esp. as WS ratings for pm shares remain very restrained as well.

Date: Mon Dec 13 2004 11:18
trotsky (mooney@PoG move) ID#248269:
judging from the reaction of the pm stocks, no-one expects the move to stick.