Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Andrew who wrote (1044)	11/22/2003 11:44:16 AM
From: Wade	of 48092

Andrew, Gold stock index is a good indicator of the direction of POG, however, they often gets far ahead of reality. So, it is wise to watch other important signals to confirm/support our actions. I like the XAU/SP-500 and POG/SP-500 charts best. These two charts tell me where we are heading to, and where we really are. I call them my "Gold Positioning System", GPS. <G> This GPS is similar to many discussions of POG/Dow-30 ratios, except, I use XAU to guide the direction. One may ask why don't I just use XAU/POG chart. That is just fine for the gold bugs, however, I want to know our relative position to the stock market. I will continuously develop GPS and explore its potential. Good investing. It is a beautiful day out there. I am going to ride my bike to relax for a few hours. Wade

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