Zeev's Turnips Patch-No Politics (ZEEV)

[Newly2b]

I trade gold/silver stocks, but have been in and out of the metal itself (bullion and numismatics) since the '70's (have a trusty long-term friend with a nearby gold shop!).

I've also noticed the lack of correlation between movement in the metal prices and movement in the pm stock prices -- sometimes they seem to trade with the overall market trends instead of the dollar/POG movements (perhaps because so many small traders/investors are buying pm stocks now?). At other times they move inversely to the overall market trend. They certainly march to their own drummer, and TA is difficult to apply well to them.

Agree there is manipulation there, no doubt relative to JPM et al derivitive positions, currency problems, PPT, etc, which distorts/negates the TA. Gold is a small market, easily manipulated. I just watch the individual gold stocks trading ranges, volume, news, etc., and, while I've made money in the South Africans in the past, I don't "sleep" with them anymore.

Newly