5.19.2006

TECHNICALS- PAAS

I guess if you want to buy weakness and sell strength today is as good as any to buy PAAS. It is a favorite silver stock of several smart guys including Fleck and Laurie, who both write very good stuff for minyanville.com.

Is the bull market in GOLD SILVER COPPER etc over? I doubt it and I am stepping up here instead of waiting for Monday to buy.

The Volatility on the day continues as the major market indexes continue to trade all over the board. The market internals also trade anywhere and everywhere but as I type, they are 1,200 to the green. Also, note the brokers flying today, so maybe, they are giving the green light for a further rally as they were the first to signal a selloff weeks before the major indexes spit the bit.

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