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Re: amarksp post# 10160

Sunday, 07/25/2004 7:26:06 PM

Sunday, July 25, 2004 7:26:06 PM

Post# of 19037
I guess I'm sitting pretty about right now (#msg-3507185) I've missed most of the damage... although I'll be the first to admit that I didn't think the damage would be this bad ... correction, yes-- but a complete annihilation of the precious metals sector, no. It never fails to surprise me at the intensity of the selling when the tide turns. You'd almost think they're mining for semi-conductors...!?

I think I'll be a buyer rather than a seller after this week. IMHO, where to within 5% of a bottom. I'd even go as far as saying that both the Naz and PM stocks will (unfortunately) find a bottom in tandem... For whatever its worth, I'd rather see a negative correlation between these two bad boys.

Anyway, the three year uptrend still intact.




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