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


To: hubris33 who wrote (26200)6/24/2005 12:57:43 PM
From: rgjack  Read Replies (1) | Respond to of 108787
 
Sorry, only intended to imply RGLD had more down coming from the breakdown at 20.20 where I bought, too early looking for a break out over 20.40. The lack of volume and follow through at that time just said to me, 'Get out at break even'. I'm more likely to get out early than hold on for a bounce back to entry price if it looks like I'm wrong.



To: hubris33 who wrote (26200)6/24/2005 4:59:04 PM
From: hubris33  Respond to of 108787
 
HUI ended up a roughly buck and half! Though still not closing over the 200 level it is in the right direction.

Late day buying looked to boost some PMs and reverse earlier sell offs. BGO managed to close up only a few cents below the HOD. Volume was lighter than normal, but expected for a summer Friday afternoon. NG held strong and rallied in the face of earlier down pressure and put in a nice hammer. Looks like the 200 dma acted as support once again. CDE closed flat, off off its HOD but rejecting a loss.

Wonder if this late day buying is bargain shopping or signs of renewed strength.

H3