June 01, 2006

Gold - more weakness in the metal. Good.

I am adding some gold shares this morning that remain in strong uptrends despite the big selloff.

Actual gold prices are down $20 again this morning to under $620, now down 15 percent in 2 weeks.

UPDATE - Copper is limit down and CNBC is reporting it. Again this is GOOD. The more coverage, the more panic. The PRO's love this. The PRO's buy these headlines that are nicely packaged to millions of small traders.

With today's huge drop in all metals, the share prices remain 5-10 percent above recent lows. That is the news of the day that I am watching closely

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