Note: You must be registered in order to post a reply. To register, click here. Registration is FREE!
T O P I C R E V I E W
beauanderos
Posted - 11/03/2009 : 19:57:44 The buying in the mining equities I track was too tight today to be a coincidence. I think some hedge funds waded in today with some heavy buying Silver stocks SVM up 7.21% Gold stocks NG up 13.21% SSRI up 7.69% GG up 7.97% PAAS up 7.67% AEM up 7.53% CDE up 8.66% AUY up 8.05 EKX up 8.73% GDX up 7.70 HL up 18.00%! Aside from a couple of anomalies which might indicate particularly heavy trading from private and institutional investors there is just too tight a band not to indicate that some pretty heavy money showed up today across the boards dwarfing the normal inflows and thus resulting in the effect noted.
2 L A T E S T R E P L I E S (Newest First)
beauanderos
Posted - 11/04/2009 : 13:41:28 Well, back to their old tricks again. Gold and silver up but some of the stocks down on "profit-taking" I'll bet they say!
beauanderos
Posted - 11/03/2009 : 23:11:00 Could it be because most of the gold stocks traded at near double or greater normal volume, and the silver equities traded near 150% of normal? Paralysis from overanalysis