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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?


To: TheBusDriver who wrote (3932)10/3/2006 2:57:41 PM
From: gold$10k  Read Replies (1) | Respond to of 29622
 
max pain is not here yet I think.....

You may be right, still I find anguish encouraging. Probably at least a bounce is coming.



To: TheBusDriver who wrote (3932)10/3/2006 2:59:02 PM
From: TheSlowLane  Read Replies (2) | Respond to of 29622
 
Agreed, the volumes on most of the stocks I am watching are relatively low, which does not indicate massive capitulation selling. Not yet, anyway. As I am not looking to sell anything into this kind of a market, I have been focusing on junior uraniums. I added some Forum yesterday and initiated a position in Universal Uranium (UUL.V) today. Uranium is over $55 now and should be trading even higher than that through 2007. Fundies for uranium sector look even better for uranium than gold, to me. There are no substitution options if you are running a nuclear plant (unless you slap a chimney on top).