Thursday, January 04, 2007

COMMODITY MELT DOWN

Commodities are having a couple of real tough days, down about 10% for energy, base metals, precious metals stocks. Uranium stocks made an effort to recover this afternoon, but failed at closing. I kind of expect this consolidation in the near term and have raised some cash lately, but the strength at NASDAQ surprised me. I am considering to add some exposure of precious metals, and maybe a couple of uranium names. However, I feel the melt down is not complete yet, and there might be another leg down for most of the commodity stocks. Patience is not one of my strong suite and I have to try very hard.

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