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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (62655)	10/3/2006 5:35:57 PM
From: TheSlowLane	Respond to of 312809

Pescod's comments: GOLD $577.10 -20.50 We go to Canaccord mining analyst Graeme Currie for a little hand holding today and ask him if he could tell us the hour, day and month that this correction (and it’s been a brutal one) for the junior mining sector is going to end. I can’t remember a time the market has gone this quiet and it’s been so pummeled, but there you go. Currie figures we are probably in for a bumpy road for October, but reminds us that he is still bullish for the sector long-term. He also points to a sudden lack of liquidity as yesterday only 89 million shares traded, which is about half of what it had been doing up until recently. As far as gold, which lately seems to be following oil, he figures we are in a trading range for much of the next 6-12 months between the recent role of $550 and $730. “Six to 12 months in that trading range” he says. As far as stock picks, he remains with one stock that has made him look pretty good over the last while and that’s Aurelian which he suggests he would buy on weakness. But as far as that goes, he could say that about many other stocks as well (that’s the buy on weakness, I mean!)