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

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To: Wade who wrote (962)11/3/2003 12:16:09 AM
From: Wade  Read Replies (1) of 48092
 
Here is an interesting post from Russwinter:

Message 19458094

These two countries will raise interest rates to cool down over heated economy due to huge inflow of US cash investment. I wonder if their higher interest rate will attract even more US investors to buy bonds, unless both of these countries believe that US cash inflow will stop/decline because US economy has recovered and dollar is getting stronger. However, this thinking seemed not very well received in the US stock market because the so called recent recovery did not show real jobs creation. In the long run, US still need to face mountains of new debts and digesting its unemployment issues. If corporations keep on laying off people how can young graduates find decent jobs. These young kids never had real full time jobs before, therefore, they probably don't qualify for unemployment aids. This will be a serious social problem. I do not expect to see real recovery until more jobs are created.

The POG upward trend line still intact. Its price chart indicated tightening ascending trend line vs. resistant. It has to be resolved within 2-3 months. I remain bullish in POG and gold stocks. I will buy them at short term dips.

Wade
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