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

To: Boolish who wrote (225984)	3/12/2013 9:03:56 PM
From: Veteran98	Respond to of 313012

Yup sure looks like it .... but the cash is selectively flowing to the really beat up names that actually have something... both GDXJ and GLDX poked above their 20 dma's today on very good relative volume... the TSX venture exchange is barely budging off it's bottom and is still a good 20 points below it's dma... and still only a hair within setting another low one lousy day will still do it... Anyhow in most cases it is the TSX Venture that lags any recovery and with all the publicity lately referencing the 500-700 companies that have next to nothing in the bank you can bet most punters out there are going to be scrutinizing balance sheets closely to make sure they don't get stuck with the cease-traded asswipe... If anyone has any crap in their pf's it's going to take a while before any of that crap starts moving if ever..... might as well get rid of it ... Good situations are always going to get play at some point but as far as I'm concerned until POG takes out it's going to be a trading market ...that's the way I'm playing it... I'm up almost 20 % in my really beat up RRSP the last two weeks and my trading account which has been bailing me out for the last year or so has done better than 40% the last two weeks... even though I went through a few nervous days going in pretty heavy a couple days early ...... using margin....(ssshhh)