Wednesday, July 30, 2008

WOW

Total washout in the mining sector!!!!!!!!!!

Yamana under $12!!! EGO Under $7.50!!!!!!

Great day for someone discovering the mining sector IMO. I sincerely don't see much lower here. Unless we're getting a total collapse like last August 16th?? Yamana hit $8.40 that day, but POG was only $660!!!


SKF close to a short-term bottom IMO and a STRONG bounce Friday into next week.

7 comments:

Latviski said...

Yup.

Buying more AUY today.

JoeGoog23 said...

Is the FED meeting next Tuesday????????

Fishfood said...

Yes next tuesday

Latviski said...

8/5. Will be interesting to see what forward statements these guys issue. They're gonna hold rates again IMO, and prob. give a slightly rosier view w/ the FNM/FRE bill now signed...market will prob. rally a bit on this...

Of course, they'll be wrong.

JoeGoog23 said...

I really can't fathom that SKF is in the $11X's!!!!!!

Remember two weeks ago yesterday when we were over $200 and I was being told that UYG was dead and a horrible play @ $14????

Wish I was still holding all my UYG's from $14!!!! $$$$$$$$$

Latviski said...

No kidding.

I've gone through at least 10 lots of UYG which would all be VERY profitable had I held longer!!!

I thought SKF would bounce hard around 150 area...

JoeGoog23 said...

I think i'm gonna try to get 10% each out of my last two lots of UYG $21.92 & $22.62

Whadda ya think???