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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (25300)1/25/2011 10:57:08 PM
From: rubbersoul3 Recommendations  Read Replies (2) | Respond to of 48092
 
<I dont see anything bullish when the market is making new lows on increasing volume>

Sure, we can go lower still which is why I still have significant cash/hedge. But when we are this oversold, big volume can sometimes indicate a ST bottom. Here's a good chart from Jesse today:

4.bp.blogspot.com

I still expect us to retest this area if we rally. But the miners have been so severely whacked that I had to step in and buy.


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