Friday, July 27, 2007
Sellers still puking and we are still adding... Sometimes you just throw the charts (HUI & XAU) out to some degree and buy the panic. You can just feel the sector getting regurgitated by weak holders even as several fundamental factors begin to shift in gold's favor and in the favor of the miners as leveraged vehicles on the metal. Blood in the streets? We got dat. Edit (1:27) PS: Energy trust positions have also been added to today and yesterday. Gold & NatGas are the favored assets in this quarter at this time. Yours may be different. Again, it's what makes a market.