Tech Analysis of Precious Metals Miners

[Michael Moy]

$HUI weakness - D_A_N

I'm maintaining a relatively low profile with just NXG and AUY
for the miners. Got hit on PAAS of course. CEF not too bad.
But I have a healthy dose of other stocks which have been holding
the port up when the miners are weak. Action in PAL today was
puzzling given the strength of Palladium and Platinum at the same
time.

I think that some of the speculative money may be headed back
into the broader markets or at least some targetted areas.

One other thing on gold is that the price of oil should keep the
price of gold elevated. Not so sure about silver.

It's interesting that Singapore raised interest rates to fight
inflation.

One other thing that I just realized: this is OEX! I should
have lightened up on Friday. I've been meaning to lighten
up on miners for OEX week and then buy back on Friday
afternoon.