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Message: Pre Market Games

Pre Market Games

posted on Nov 27, 2009 09:56AM

Well the TSX premarket games are still alive and well even if the market s themselves are a joke hahahahahahahahahahahah.

The presious metals shares took a beating at the open on this plunge in gold prices. This is funny since most gold stocks themselves never gained with the last $60 - $80 gold price raise. Therefore it is strange to me that they should plunge because gold has lost half that gain today.

However it does appear that there were not too many weak hands, judging by the weak volume, willing to play follow the leader so far and the gold shares are making an effort to recover.

Volume is no longer that reliable an indicator with computer trading running rampant so one must be very careful when using this indicator.

Yep, hard to trust anything and anyone these days. Truely sad.

All in my opinion of course.

F.F.

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