Solid foundations. New horizons.

Free
Message: Quiet Markets

Quiet Markets

posted on Jun 16, 2008 06:08PM

Prior to Probe's price explosion in September opf 2007, the stock had been meandering in inactivity from .16 to .25 or so for some months. During these months I was lucky enough to have some extra cash to do some purchases in addition to the ones I had done earlier starting at .55 on a scale down basis each six cents.



I like quiet markets following advancing times full of activity. It's clear Probe has strong demand above the .50 level. Unfortunately for the .50 buyers that haven't had an luck recently buying more shares. Big buyers at important lows don't show their hands. That's evident by seeing the shares slip below .50 for a few trades since November of last year only to be goosed higher by the .50 level buyers.



I have a theory that when postings to stock boards dry up for the most part, that may be time to buy. Of course, Agoracom is relatively new and some stocks aren't even on this site and there are the other ones that folks just don't care about that receive little attention.



I was looking at the price of the metals that are fairly representative of the ROF deposits and my findings are that their period of recent monthly weakness should be coming to an end.



Nickel/10.70 - A bottom has most probably been put in at a hair under $10.00.



Copper/3.72 - Very strong and well above major ascending trend line at 3.10



Lead/.80 - Ascending trend line at about .75



Zinc/.84 - Ascending trend line at .80



Platinum/2051.00 - A few strong trendlines in the 1800 to 1900 vicinity.



Palladium/461.75 - Strong ascending trendline at 420.



Gold/884.20 - The floor on gold is now 845 as it continues in a very strong bull market.



Probe Mines, Nickel, Copper, Lead, Zinc, Platinum, Palladium and gold all continue to be in bull markets. The best part of these bull markets is that it is quiet now and the fishing couldn't be better.





Share
New Message
Please login to post a reply