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 (820)	8/18/2003 7:04:47 PM
From: Wade	of 48092

The US dollar index finally broke out the 97 scrimmage line today to 97.36 and the down trend line. This is the most critical day for the gold bugs to decide where to go from here. We are seeing a small head-and-shoulder top formation of US Dollar, if the small rally stalls at here POG should find support. However, if it continue to break out, POG will be slaughtered. So, good luck to all of us. I think this is an essential shake out to make sure more participation from the late comers, otherwise, you will only see the old gold bugs pat each other's back and brag about their picks. These won't get any where. Most of the old gold bugs have to die before the new bugs get their chances to mate. I prefer to see at least 10%, prefer 20%, pull back of the golds. The golds will take off only if they can full fill the minimum critical mass. We are not there yet. We may have to wait for a while. Good luck to all. I liked my plays on QQQ and INTC so far. Wade

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