buy recommendation in the australian, page-5

Hi Generator78,

For what its worth, MUN peaked just before spot gold peaked

people jumped in I believe on both POG and the imminent opening of the mine to make a quick dollar

It became a little overbought and was sold off on average volume. The lack of news and POG having retraced by a fair amount means a few more impatient sellers have left MUN on low volume.

there was quite a buzz around gold at the time and that buzz has moved to oil. the same will happen if oil comes down around 100 barrel again I believe.

The market seems to have a limited number of "choices" at the moment, there was a time when you could put your money anywhere and make a buck, now maybe trader/investor portfolios are following the hot sectors around in a more decisive fashion as it may be better to be less diversified and have more money out of the market, spreading your risk in a different way with more cash and less stock and the stock you have in strong sectors.