Wednesday, July 25, 2007
Gold stocks resetting from over bought
Edit (7/26 @ 6:00) "Wall St. Indexes sell off on housing, credit fears"... "New home sales fall, durable goods orders weak"... add to this weakening oil, gold/silver ratio rising and the rising Yen and you have some fundamentals for economic contraction which is why we own gold miners. The noted level was tested severely today but we took it as a buying op. Others may disagree; it's what makes a market.