"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Wednesday, July 18, 2007

Interesting day

Well how was that for finally getting the miners out of the pig's wake? The only smudge on my day was the market recovery at the end. Oooh, there is just so much to be boolleesh about! Worthless Bear hedgies? Poor Intel results? Subprime fiasco not nearly fleshed out and quantified? On and on with the bullish fundamentals. Anyway, why focus on the tiny fraction that did not go our way today? How about them minahs!? I have been busy cobbling away and adding to core positions over the last week or two but have cash ready as well. Something may be changing here as we see gold stocks seeming to feast on the pig's misery. This was one of the most fun days I have watched in the market in a long time.