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


To: TheSlowLane who wrote (3934)10/3/2006 3:07:02 PM
From: TheBusDriver  Read Replies (1) | Respond to of 29622
 
yea I noticed that you have been active in U again.....the problem is that everytime and it is almost everytime I move outside of PMs I lose money!.....

Wayne



To: TheSlowLane who wrote (3934)10/3/2006 4:36:47 PM
From: jimsioi  Read Replies (1) | Respond to of 29622
 
The Slowlane, re URaniums & Zincs...vs. PMs

Massive sell off in PM miners today, fortunately I'm relatively light though in these type of downdrafts one can never be light enough. Still it seems a bit overdone to me..

The dollar is working in a rising wedge formation it appears to me and was only up 12 points today
quotes.ino.com

Yet the GDX seems to have been repulsed by the 200 day moving average and destined for a test of the June lows...which I suspect with follow through selling or weakness in Crude after or before the inventory report we will see..

stockcharts.com

I did some buying of Hubbay Mining (HBM.to) the zinc integrated miner today..The fundamentals are favorable to zinc if they are to any metal, assuming no recession.

...and some Crosshairs in the uranium exploration group...CXX.v, but its off 15% in two days. Aurora Resources (AXU.to) is holding up reasonably well.

Think I'll keep powder pretty much dry from here or at least until that BIG CAPitulation day seems to have arrived, though that seemingly could be anytime between now and early November based on opinions I read here...

Boy, what a day!!!