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: The Barracuda™ who wrote (383)	6/10/1999 11:21:00 PM
From: Wade	Read Replies (3) of 48092

Robert, Technically, XAU is reversing its trend. This is the best entry point for short term trades. May be good for long term as well. The news of selling 20 tons fo gold by BOE is the recent killer of POG. We all know that this weakness is just temporary. Therefore, senior gold stocks refuse to go down because of it. I think POG will rebound very quickly once BOE announces that they have sold those gold, then XAU will follow. Actually, I think we deserve a rebound at here. I need to cash in some profit. Haha. Inflation fear could fuel the rally if the timing is just right. Those shorts have to cover...then we will see a big fire work over our heads. Good luck. Sincerely, Wade

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