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Thursday, May 21, 2009 2:17:20 PM
Key pt of the day just happened for gold stocks. Gold and gold stocks at highs of the day while market moves to fresh lows. Couldn't have scripted it any better. Just need volume to pick up in the likes of ABX, NEM, GG etc.
I think this rally ST will probably end when ABX gets back new it's highs in Feb 09. The some consolidation prior to any fireworks. I'll be a seller ST to pare back exposure - not get all out, when ABX hits close to 40 level.
I think this rally ST will probably end when ABX gets back new it's highs in Feb 09. The some consolidation prior to any fireworks. I'll be a seller ST to pare back exposure - not get all out, when ABX hits close to 40 level.
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