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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (13913)	6/19/2006 9:43:48 PM
From: koan	Respond to of 78421

Now that is interesting. I am tired from playing poker all day. And I used "to" instead of "two". I have noticed I do that a lot. It would be interesting to see how my mind malfunctioned there-lol. Didn't EC say brain damage was good-lol.

To: koan who wrote (13913)	6/19/2006 9:50:26 PM
From: loantech	Respond to of 78421

Well the markets have to fool the most people all the time. So 500 or even 495 could hit in gold. Go back to the big breakout point scare people out. Then rally huge amounts after that. Something will trigger things but the big trigger event is pretty rare.

To: koan who wrote (13913)	6/19/2006 10:32:00 PM
From: 4C	Read Replies (3) \| Respond to of 78421

Well koan, this is how I see it. Initially the demand for metals caused the institutions/funds to get interested in the sector and pour big money into it, which caused the stocks to move. Then the speculators/retail noticed the movement and started piling in. Together these two groups caused metal prices (and consequently their stocks) to get way ahead of themselves. Institutions/funds noticed the manic rise, they had good profits on their hands and began liquidating their holdings in the sector. The speculators/retail were left holding the bag. This is how it has always played out in the markets. I'm surprised when people are in disbelief and get stuck with the "this time is different" syndrome. Many charts, metals and stocks, look like the Eiffel Tower. They have completed the way up and are coming down to complete the tower. The technical damage is so great I think we should seriously consider that the entire move from Nov/Dec in many stocks could be given back. Gold could possibly go to $450. Fundamentals don't play here now, so don't fool yourself with "the demand for commodities is still there and for years to come so let's invest now." The money is being taken out of the sector for now, you can get your favorite stocks at lower prices this summer. When will the big boys come in to play again? Maybe when Bernanke stops raising rates. All the above IMHO. Sorry about the gloom and doom, I call it like I see it. STF