GREY:DULMF - Post by User
Post by
member321on Mar 15, 2011 10:41pm
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Post# 18291151
Metals and Mining Reversal?
Metals and Mining Reversal?Something interesting in the Capped Diversified Metals and MiningIndex. At the end of February - first week of March it looked like theindex was headed back up to the 50 day moving average when global eventsintervened and sent the index into a nose dive. However, look whathappened two days ago and today. Despite the Japan earthquake and thenuclear plant meltdown threat the index did a dramatic reversal on theday and ended up 20.52 points or 1.54%. This is very early but giventhis reversal on a panic day of selling this may be indicating the startof a reversal in the sector.