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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Beachside Bill who wrote (5389)6/13/2006 2:35:54 PM
From: Louis V. Lambrecht  Read Replies (3) | Respond to of 48092
 
Aye!Aye!Aye! Commodity bubble. Who said I wouldn't buy Strathmore Minerals @ 1.50?

We are in run for 'em hills sell-off.
Will post a hart of the Dollar Index some hours after market close: still thinking this is a dead geologist bounce. (Bounce is the area I posted a chart on... in the ice ages <ng>).
Palladium is one of the most hit PMs, but has been a special case since the Ford forward buys. Special case = not comparable.

There are signs (unfortumately only backed by my nose) of a shake the weak longs out of here.
Why I say this is, comparing with the dot.com bubble, in those days, the value of a companyonly was worth the quality of the paper they printed their business plan on. In the PMs "bubble" there still is value "beneath surface".
There isn't enough metal for long term longs to remain safe, only a marginal part of the stocks are traded upon ... and make the published prices.

I cannot consider current action in the PMs as a correction,
IMHO a large bunch of long term players will bite their teeth if prices go down. Leaves only "weak hands" who want to get out or whatever, and make the short term prices.
At one price level, forward sellers will call it a deal and square their LT engagements.

That said, how low will this go, ho far will the rebound go ... enough questions to lose fortunes. <ng>

FWIW, I still ould like to know where Calcyon Financial call for deliveru of 17K contracts of gold ids stocking the underlaying.
First I thought this would be at MANFRA, TORDELLA & BROOKES, INC. (scrap a bit, Near-East friendly = Dubai, extends towards Singapore...) gold the h@ck out of the US as the SLV and GLD do <ng>

Maybe I should worry, I don't. No market goes straight up.