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Bullboard - Stock Discussion Forum Oromin Explorations Ltd OLEPF

GREY:OLEPF - Post Discussion

Oromin Explorations Ltd > All of the big boys such as ABX, GG....
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Post by tony1969 on May 08, 2013 8:58pm

All of the big boys such as ABX, GG....

AU,NEM,IAG,etc.... were up big today across the board on no apparent news and a relatively small roughly 1% bump up in the price of gold.  Take a look at the moves.  They were up multiples of that on heavy volume. IAG was up about 11%.  Could it be that the sector is finally turning?  I say it is as it takes a lot of inflows to move those big stocks. The sector was a huge outperformer today.
Comment by tony1969 on May 12, 2013 11:44am
Gold touched technical support of $1420 at about 10:30 am on friday then came back almost $30 to roughly $1450.  The big producers such as gg, abx,nem and au all came back strong to close at highs for the day.  Even after that takedown in the morning I continue to think that sentiment has started to change.  A similar move in gold like that in the past would barely have moved these ...more  
Comment by arlene2 on May 12, 2013 1:12pm
Tony-----Surely do hope your logic turns out to be what the smart money is( or will be) doing , because if it is , others will most certainly follow....You seem to have a knack for finding clues and then fitting them into this giant jig-saw puzzle.....Probably in no small part due to a lot of work and DD on your part...Pls keep us posted as you discover even more clues...Best ...more  
Comment by comet52 on May 13, 2013 11:49am
Gold is going to be sideways at best for the rest of the year.
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