>>>I wanted to share my observations of what I'd classify today as froth in the miner market. As traders, we 'must' share perspectives continually, and I wanted to maintain my two cents worth, ya know.... I noticed something unusual..XAU going up and NEM going nowhere to sideways to down.. Hmmm that's odd. That's telling me 'big' money is out of the market, and the small investor stocks are moving up XAU... would you concur?<<< ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
No, not at all, Sam.....
That divergence was, imo, caused by NEM's early day 2006 lowered production/profit warning and subsequent downgrades by a couple of fairly PM conscious brokerage houses.
>>>In fact I shorted PAAS today<<<
Rotsa ruck..... <ng>
Personally, I would never short against such a strong uptrend, but if you survived today's higher opening and 50 point run, you may yet come out OK. Here's hoping....
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