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.
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7 comments:

  1. LatviskiJuly 30, 2008 at 8:54 AM

    Yup.

    Buying more AUY today.

    ReplyDelete
  2. JoeGoog23July 30, 2008 at 8:57 AM

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

    ReplyDelete
  3. FishfoodJuly 30, 2008 at 9:01 AM

    Yes next tuesday

    ReplyDelete
  4. LatviskiJuly 30, 2008 at 9:04 AM

    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.

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  5. JoeGoog23July 30, 2008 at 9:06 AM

    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!!!! $$$$$$$$$

    ReplyDelete
  6. LatviskiJuly 30, 2008 at 9:08 AM

    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...

    ReplyDelete
  7. JoeGoog23July 30, 2008 at 9:13 AM

    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???

    ReplyDelete