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


To: Canuck Dave who wrote (158983)5/18/2009 5:40:02 PM
From: SwampDogg  Respond to of 312737
 
The CDNX ran up mostly on the uranium and base metal bubble
Gold stocks were casualties of this bubble bursting. For those that realize this and pick out the quality in a sector that may run the other way will be rewarded. Those that believe that it is all the same ball of wax will not. Gold up market down is the way that this is looking to play out in the coming weeks IMO.
General market continues to get higher and higher sentiment readings and the market is getting thinner ans thinner and not even making new highs. Look at former higher beta leaders like AAPL on a day like today.
OTOH gold can not be held down any more and it is about to blow.