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Nevsun Resources Ltd. Message Board

  • cabogordon cabogordon Dec 8, 2010 3:31 PM Flag

    wed action

    interesting to see the miners move sideways or up while the gld trades down. my humble opinion, gold is experiencing a healthy retrace after mon high , looking for a new base before a attempt at new resistance. yet the miners are showing the underlining strength of old. china might announce a new rate hike this wkend, which is shaking the tree on gold as profit takers look for new entries. my gut tells me thier is no big move in equities from metals and commodities as the talking heads will lead you to believe, shift from treasuries maybe, but very very short term. bottom line quantative easing for as far as the eye can see.budget just got bigger yesterday. as though, i would love to see the dems put up a fight. great t.v. at least. nsu would love to add more sub 6, but doubt it. happy trading . aau could present a good buy opp sub 4.

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