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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: KatayamaGorobei who wrote (17413)	5/14/2009 1:00:43 PM
From: SliderOnTheBlack	7 Recommendations Respond to of 50024

re: ["How about the HUI?"] I'm still sticking with my trading range trade, until I get taken out of it. I've taken about 1/2 of all my positions off over the last couple of days, raised stops up tight, and added just a few puts on GDX for insurance. I'll get some charts up later. ABX was lagging the sector initially on worries of a dilutive financing and/or acquisition, and whether Pascua Lama would get the green light... and finally it did. I've trimmed a lot of ABX here, as I'm thinking they're getting ready to do an acquisition. AEM is my largest position. Good cost structure and the best growth profile of the large caps over the next couple of years. ...they'd be a great takeout for ABX, so would AUY. AEM ABX GG KGC = 2/3rds of my gold position. 75/25 gold to silver stocks fwiw. SLW & PAAS = 80-85% of my silver holdings, sold last bit of HL this week. Watching US Dollar closely to see if 82.63ish March low holds. We need the Dollar to break that March low to light a fire under gold, and to break us out of this trading range & make a run on HUI 400 (which is fundamentally supported by this gold price). As cheap as things got last fall, nothing looks particularly cheap here anymore, although the HUI index does have +50% upside to it's 2008 high. Maybe they'll have a little surprise for us out of Greece this weekend. SOTB