OTCPK:IEMMF - Post by User
Post by
HDP18on Feb 24, 2004 11:30am
132 Views
Post# 7108844
Backing off after a tripple top
Backing off after a tripple topTo be expected from a technical standpoint. Any thoughts on the USD and the expected global recovery. If the USD gets stronger naturally we'll see some retracement in the commodity stocks particularly gold. Its a tough call right now -commodity supplies are tight with the idea that we are in a secular bull market right now, meaning another 6-18 months of strength in prices: should be good for IMN. Also, with the cash they have on hand, maybe a special dividend or who knows a target for a hostile take over. Any thoughts??? Figure the new support levels are at $17 for the time being.