Bill Cara: Are you connected yet to metals?, Fri., Apr. 28, 2006, 10:57 AM

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April 28, 2006

Are you connected yet to metals?, Fri., Apr. 28, 2006, 10:57 AM

For those of you who don't yet feel a connection to metal commodities and the stocks, here is a 128-page report from UBS Research that will help. Download file Enjoy.

Posted by Posted by Bill Cara on April 28, 2006 10:57:06 AM | Category: 15 Materials

Discourse

Gold mining shares still lagging on a comparative basis here. My thesis is that the juniors are attracting a lot of the action and gold is overbought here. A good nominal advance day, returning us to levels seen on the 17th-18th.

Posted by: MarkM at April 28, 2006 1:32 PM [link]

More profit taking in the miners this afternoon. ratio now worse than when last reported. Usually the declining ratio has been a reliable indicator of a correction. Here it looks to be one of a sideways consolidation, although you can't ignore the fact that Gold is making a new high here.

Anyone else have any thoughts on this?

NatGas is correcting but Oil is staying high. Supply numbers favor neither.

Posted by: MarkM at April 28, 2006 3:20 PM [link]