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S&P 500
5,460.48
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-0.41%
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US TECH 100
19,181.60
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-0.43%
)
Dow Jones
39,118.86
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Brent Oil
84.85
(
0.00%
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SilentOne

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SilentOne

Re: pmiles post# 12106

Thursday, 06/02/2005 4:42:41 PM

Thursday, June 02, 2005 4:42:41 PM

Post# of 51805
Peter,

His forecasts for metals has been pretty accurate as far as when to be in and not. But he does not have a handle on the corresponding PM stocks. An example is that he has been waiting for a metal buy lately which will come pretty soon for a trade. But he did not see the buy op in the metal stocks mid-May. The same can be said for his 2004 forecast. Metal stocks far underperformed gold and silver.

So I suspect that the metal stocks will bottom before he gives an all clear LT buy in the sector.

cheers,

john

PS The metal stocks topped today IMO.

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