HI All,
As of Feb 19, 2009 the standings of institutional money flow are as follows
Gold 97
Iron & Steel 91
Metallic Mining 80
The numbers represent percentile of money flow by institutions.
The catagories are all in the GREEN. Meaning Green Light Green Light.
At the top in the 99th percentile is Non-metallic mining which the leader is Potash.
What I see here is commodities are where the money is flowing right now.
This chart is from Investools which is a webbased subscriber program.
It gives me hope to see this because if you believe the "follow the money" rule, then this is where the money is currently going.
If you are interested in what is at the very bottom of institutional money flow it is:
Printing services, Insurance miscellanous, Regional banks, Photography is at the very bottom with zero percent money flow. I am glad I am not in the photography industry.
Take care all. Staying put. These guys killed themselves for 80 cent options. Not selling or getting scared out of my shares. As much as many of you don't like Patrick Anderson or Joe Hamilton etc. These guys had 75 cent options at ARU (aurelian Resources) the stock went to 40 buck and then had a 4 to 1 split. Eventually sold for under $6.00 (equal to 24 bucks before the stock split). I would be happy to have some of that. Go Patrick Go Joe Go all of you Board and of course GO NORONT GOOOOOOOOOOOOOOOOOOO!