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TW Member
Posts: 28
Reply with quote  #1 
Looks like BHP will break-out if it closes near the high today.

I've been holding it for the last few months, watching as FCX outperform.  I would now expect BHP to play a little catch-up.


Posts: 4,867
Reply with quote  #2 
And this from John Murphy:

"Apparently, central bankers have been selling some of their bullion reserves over the past few weeks which has put downside pressure on the commodity. News that the European Central Bank announced plans not to sell any more gold before September caused heavy buying in precious metals today and their related stocks."

This weeks PM and XAU A/D lines should prove interesting. I'll have them up in a couple of hours.


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TW Member
Posts: 28
Reply with quote  #3 

I sold half my position recently on the recent run-up--just taking profits.  Time to play with the house's money.

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