Saturday, April 4, 2026

April 20, 2009

Stop In the Name of Century Aluminum

They always say time changes things, but you actually have to change them yourself.
-Andy Warhol

I mentioned in my post from April 13th that if you thought the rally in stocks had more legs, then $CENX was a chart to consider. Obviously, with the absolute crushing taking place in the S&P 500 today, there is absolutely no reason to be long the Base Metals. Stop Out. Movin’ on. I also mentioned Hecla Mining $HL. That’s the one to double up on as you stop out from Century Aluminum.

Peace


Categories: Precious Metals, S&P 500, base metals, silver, trading

3 Comments »

  • Mr. V - Saw that you had renewed interest in $HL. $CENX has moved up quite a bit, but was wondering if you wouldn’t mind sharing some of your thoughts on $HL for the near and mid-term. Thanks. Thing the site is great, by the way!

    Comment by JP — May 1, 2009 @ 6:42 am
  • Mr. Volatility

    $CENX is an aluminum company. Aluminum is a base metal, like copper. They are the most economically sensitive. They will fall hard when the market sells off, which is inevitable. As for $HL - precious metals are a central theme to these pages. I see $HL going to $4, then $10.

    Comment by Mr. Volatility — May 1, 2009 @ 10:07 am

  • when do you see this hitting $4 and $10?

    thanks

    Comment by jason — May 4, 2009 @ 12:56 pm

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