RichieD, miners were spared yesterday IMO. Metals took a
bigger hit -- miners held up well. Could be a bullish sign
going forward (maybe gives that slim chance of an IHS that Matt
alludes to a better chance). Even today, miners re-couped 50%
of yesterday's losses, whereas metal didn't quite make 38% yet.
Again, miners outperform. What would worry me is if the
equity market had a decent correction as well as gold. I
haven't like PM stocks in a while as they have vastly
underperformed the metal.
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RichieD, miners were spared yesterday
I love the simplicity of technical analysis but.........
Posted by kalinm on 1st of Mar 2012 at 03:21 pm
RichieD, miners were spared yesterday IMO. Metals took a bigger hit -- miners held up well. Could be a bullish sign going forward (maybe gives that slim chance of an IHS that Matt alludes to a better chance). Even today, miners re-couped 50% of yesterday's losses, whereas metal didn't quite make 38% yet. Again, miners outperform. What would worry me is if the equity market had a decent correction as well as gold. I haven't like PM stocks in a while as they have vastly underperformed the metal.