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: Wade who wrote (534)	10/12/1999 9:51:00 PM
From: Wade	Read Replies (1) of 48092

Well..the market did not collapse and the gold did not rally last week<G>. However, the preparation for protection was not in vein. The dollar index hit a new 8-month low and the 30-year bond rate hit nearing 2-year high today. The general stock market is getting very nervous and we are entering the seasonal weak and dangerous period for the next two weeks. This is within my expectation. However, the weakness of POG was unexpected. Probably due to profit taking and still in denial period. It is clear that CRB index is rising and we will see new 1 year high if price of oil reach $24-25 again. I wonder how important of rising interest rate can do to POG and XAU if the perceived unbalanced gold supply is the key factor. Did I miss some thing or the whole crowd just running for their lives? Good luck to all. Sincerely, Wade

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