Monday, September 11, 2006

The decline in the Basic material sector

The decline in the Basic material sector is breathtaking. The gold index, which you see here, is down a whopping 7%. To make things worse, I think the decline is not over yet, it is on the way to 280 on the Gold index.

2 comments:

FollowTrend - Slow is Fast said...

Wow...amazing chart...hehe..By the way, I think Oil section is also in trouble now, there are many oil stocks like OIS, MEE in the top 10 biggest drop list.

UCLATRADER said...

yes, agree.