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: Yogizuna who wrote (857)	9/13/2003 12:08:37 AM
From: Wade	Read Replies (2) of 48092

Hi Yogi, At about noon time, I went out to look for the reasons for today's POG pull back because I was not 100% convinced that it was merely a technical correction. To my surprise, I found that US dollar took a hit as well. I further found that these two major indices actually moved about in sync since early August. US Dollar peaked about 2 weeks ago. Now, the POG is pulling back as well. I will keep my eyes on these movements. I also think the stronger bond market sucked some money off gold market today. We are at an interesting junction. I think POG's rally is still intact. The small "correction" is mainly the ripple effects of dollar and bond markets. The fundamental of POG has not changed. I bought more CDE, BGO and DROOY at close today. Take care. Wade

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