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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: TH who wrote (101624)	2/23/2009 10:28:27 PM
From: orkrious	Respond to of 110194

I was not talking about miner performance today, but rather how much lower most miners are relative to the last time that the POG was near four digits. I'd say they've made quite a bit of headway. the undervaluation is still huge, but it isn't as substantial as it was three months ago. rome wasn't built in a day. this bull still has a long way to go. my PF was green today while the stock market was down big. I'd say today was a good day.

To: TH who wrote (101624)	2/23/2009 10:59:50 PM
From: benwood	Respond to of 110194

" I believe that eventually they will just explode higher." That would be much better than last fall, when they just exploded.

To: TH who wrote (101624)	2/23/2009 11:15:30 PM
From: orkrious	Respond to of 110194

BTW, March COMEX futs expire tomorrow at the close. that may be holding things back until wednesday.

To: TH who wrote (101624)	2/24/2009 11:06:17 PM
From: LTK007	1 Recommendation Read Replies (1) \| Respond to of 110194

Post again just for those not aware the vitalness of the POG ratio. But first note, in the move from 11-1 to 7-1 the miners DID made huge gains for those that bought the bottom(players that buy at 5k to 20k shares at a shot), i think profit taking was big here. People i think miss the move in silver and gold miners were in percentage gained was MAJOR off move off there lows. A for instance say someone bought 20k shares of NG at 50cents, if he dumped at 3.50, he had a 700% return, as he sold for 70,000 dollars what he bought for 10,000. One MUST factor that those poured in at the bottom were looking at BIG PROFITS, these miners had quite a run. The miners have been the BEST performing stocks since the market bottom. There are quite few that were up 200% to 300% in a relative short period of time. Most of selling now i think are exiting with a killing, i tip my hat to them for pouring in when everybody was FROZEN. Ratio POG to $XAU/ Ratio POG to Hui You will see ratio went from below 5-1 to 11.5-1 to 7-1 and now 8.5 on what i feel was the taking out of big profits. Stocks that make a parabolic move off a bottom as the miners did, oft have an initial significant pullback. Message 25425290