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Monday, May 9, 2011

This Week in Charts - Natural Resource Update

After this past weeks natural resource correction, I figured I'd check the sectors for status update.

Below are the charts. I think buying any precious metals this week is risky after such heavy losses.
So why am I buying? Because the media loved to report on how things fell, how gas will be cheaper this summer, etc. Also, some of the charts don't look too damaged yet.
Of course, I won't go full in, the losses could continue.

But I avoided most of the damage, so why not jump on in? To the charts!

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