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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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To: Yogizuna who wrote (5124)5/18/2006 8:16:56 PM
From: Wade  Read Replies (1) of 48092
 
Nice Chart. I didn't catch your chart, but my chart told me the same situation. However, I believed USD may not make any meaningful rebound from the bottom, therefore, I over-ruled the chart signal. LOL

Now, USD still looks very sick and lack of strength to rebound. We shall wait and see. Gold was over bought that is for sure. The correction is very reasonable, however, many gold stocks are way over sold today. There are some really good bargain producers out there even at POG $500.
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