Thursday, July 12, 2007

Newmont Huge Volume Signals Inflation

Today I sold Auy with nice gain. Bought TGB,ECUXF,SMR. Huge volume on Newmont Mining signals big things ahead for precious metal stocks and continuing inflation. Gold/XAU Ratio 4.42 Nasdaq and broad market new highs--only 2 distribution days in IBD count. Look for consolidation and profit taking tomorrow.

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