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

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To: Yogizuna who wrote (4608)3/29/2006 5:22:50 PM
From: Andrew  Read Replies (2) of 48092
 
Indeed, even very market savvy individuals I know of are becoming very complacent and are just long long long.

However the bullish case, NASDAQ 5 year high today.

DJIA broke out over 11000 recently finally a few weeks ago. Remains to be seen if it holds. IMO is headed toward the all time highs and really when you look at 7 years worth of the DOW it has done nothing other than the sharp corrections

The fed remarks yesterday, mentioning inflation and further rate hikes needed IMO is bullish long term for Gold. We are moving from deflation fears to inflation talk. Major shift. As we all know Japan is also coming out of its long deflationary period.

Doesn't mean we dont have some ugly short term corrections IMO. Perhaps soon. I think we have to be alert here going forward now. There are problems out there like GM which might be headed to zero. Maybe Ford too.
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