Sufiy.: How Gold and Silver stocks will behave in new Bear Leg down in Nasdaq?

Sunday, August 26, 2007

How Gold and Silver stocks will behave in new Bear Leg down in Nasdaq?

Just look at this chart: after initial sell off Goldies were quick on recovery path and outpaced Nasdaq during correction and following rebound. All it happen on the face of continuous Fed rate cuts:

http://finance.yahoo.com/charts#chart1:symbol=^hui;range=20000228,20070226;compare=^ixic;indicator=volume;charttype=line;crosshair=on;logscale=on;source=undefined

This old post is still valid:

http://sufiy.blogspot.com/2007_02_01_archive.html

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