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Re: [sharechat] Gold & PM Stocks - critical juncture

From:	"Baa Baa" <baa_baa@hotmail.com>
Date:	Tue, 03 Feb 2004 01:37:57 +0000

Sludge is slang for Silver.


>From: "Russell" <allanrussell90@hotmail.com>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: Re: [sharechat] Gold & PM Stocks - critical juncture
>Date: Tue, 3 Feb 2004 14:10:03 +1300
>
>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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_________________________________________________________________
Gaming galore at  http://xtramsn.co.nz/gaming !


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