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


To: isopatch who wrote (20804)2/3/2005 11:36:33 AM
From: ItsAllCyclical  Read Replies (2) | Respond to of 108742
 
Well, that forecast is only if the Euro breaks 1.295 on a closing basis (1.2967 currently). Today may not really matter much since jobs # tomorrow will be huge. 200K expected which is a rather high bar given what we've had of late. Gold stock action still very good right now so maybe we do miss on the # and get a bit of a rally. I'd advise people to hold only what they can afford to see go down another 15-25% - hopefully worst case scenario. I think just as critical to many gold stocks will be to what extent, if any, copper closes below 1.25 again. FA wise it should hold around 1.3, but sentiment regarding China, the economy and the Dollar may dictate otherwise.