Forum Archive Index - February 2004

["Russell" <allanrussell90@hotmail.com>]

Forgive the ignorance, what or who is Sludge?
Allan.
----- Original Message ----- 
From: "Baa Baa" <baa_baa@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, February 03, 2004 12:53 PM
Subject: [sharechat] Gold & PM Stocks - critical juncture


> I posted I was into my Plan A last week (see previous posts).
>
> Today USDX moved to within a few points of my trigger 88, a breakthrough
> point of the 50MA which would indicate further strength to come -if broken
> to the upside- (range 88-94) --ergo, the US POG faltered to 394, and
> recovered to close under the key 400, as expected. The US PM stocks
however
> may be showing that <400POG already priced in as many consolidated around
> current lows. Some nice falling knives though for those with courage to
grab
> them.
>
> The buying could get better, but it's already good enough to be alluring.
So
> many opportunities, but never enough dry powder to enjoy it.
>
> p.s. Sludge nuked itself, back to a whisker over 6, so expecting a rout in
> the stocks tomorrow as people lock in profits and wait for stability.
> Anything under 6 is a gift. I have eyes for a few sludge stocks but
suspect
> there's better buying to come.
>
> _________________________________________________________________
> Gaming galore at  http://xtramsn.co.nz/gaming !
>
>
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