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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: koan who wrote (281664)10/7/2010 2:01:38 PM
From: koanRespond to of 306849
 
Looks like dollar is faltering now and metals making a comeback.



To: koan who wrote (281664)10/7/2010 2:12:13 PM
From: Secret_Agent_ManRespond to of 306849
 
metals are still lagging inflation by a mile not to mention inflation was managed- QE is another factor that has yet to reach the metals, still a very long way to go- correction my arse, the job # will be total bs and this takedown in front of that is typical, see all previous reports and metal action just par really....nothing has changed to make the suddenly cheaper-

a buyin opp indeed



To: koan who wrote (281664)10/7/2010 6:21:23 PM
From: patron_anejo_por_favorRead Replies (3) | Respond to of 306849
 
>>Buying opportunity really<<

I think so. Added some GDX and SLW on the pullback. I'd like to think HUI 500 will provide support, but if not 480 will. Pullbacks in this sector are ALWAYS violent and scary, the better to shake out the non-believers. Luckily Eyeliner from Smart Money was crowing how he was long GLD poots (although he declined to say from what level). That's a "Strong Buy" reco in my book.....<NG>

Oh, and the dollar isn't anywhere near a decent support level here (and in fact the DXY hardly budged today...it was up against the Euro but down against the Yen).