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May 15, 2006
Aussie gold stock sell-off, Mon., May 15, 2006, 6:13 AM
The Australian gold stocks traded down over -4.2 pct today. In addition to much lower precious metal prices overnight, this is a further indication that North American gold stocks will suffer this morning.
Traders can survey the Australian equity market action at Yahoo Finance (Australia). Here are the appropriate links.
Audax to Croesus: ADX, AEX, AGG, BDG, BLN, BSG, CMX, CNT, CRS
Citigold to Goldstream: CTO, DEG, DGR, DOM, DRD, EMP, EQI, GBG, GDM,
Gallery Gold to Lion Group: GGN, GME, GRD, HAO, HER, KCN, LHG, LIM, LSG,
Newcrest Mines to Regis Resources: NCM, NEM, OXR, PEM, PNA, PSV, RAU, RND, RRL,
Resolute to Tectonic: RSG, SBM, SED, SGX, SIB, SRI, TKR, TRO, TRY, TTR
For a detailed quote for each stock in this table, insert the ticker symbol in the following script for Tectonic (TTR) http://au.finance.yahoo.com/q?s=TTR.AX&d=t
You can also go to this link http://www.the-privateer.com/goldprod.html and click through the individual links.
On days when I believe that the market trend could be in a process of reversal, I will go to the Australian market (12 hours ahead of me), and check comparable stocks. This is one of the Trader Tools in my toolkit.
Posted by Posted by Bill Cara on May 15, 2006 06:13:24 AM | Category: Cara Today in the Market , Trader Tools
Discourse
Was this foreign central bank intervention to stabilize the dollar with metal dumping this morning?
Posted by: alan ![[TypeKey Profile Page]](http://www.billcara.com/nav-commenters.gif)
at
May 15, 2006 10:08 AM [link]
Indeed. But what exactly triggered the Gold drop around 3AM ET? Is it London opening?
Any guess where gold will drop to and bottom out?
Thx.
Posted by: cndsands![[TypeKey Profile Page]](http://www.billcara.com/nav-commenters.gif)
at
May 15, 2006 7:49 AM [link]