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Re: Andy R post# 16597

Tuesday, 09/05/2006 7:46:31 PM

Tuesday, September 05, 2006 7:46:31 PM

Post# of 19037
We're overbought-- I least I think that's the deal. I'd also like to point out that BGO has moved 15% in less than a week.

-- just look at the XGD.TO chart, up 9% in the same amount of time-- an ETF...???

IMO, you really need to start risking money on some really crappy stocks to outperform that "mediocre" 15% of yours.

Anyway,

I think come tomorrow, metals will have a flat day-- not enough trend strength to walk the upper edge of the Bollinger Band but too much accumulation for a downright collapse in price.

fwiw, I'm still holding my position in SLW (and a couple of other silver stocks)-- btw, the CCI is over 300 which doesn't happen very often ... the last time that happened was January of this year.

Red hot...!


FP........................................................

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