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

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To: Wade who wrote (934)10/26/2003 10:23:11 PM
From: Wade  Read Replies (1) of 48092
 
The performance of the blue chip gold stocks still lags behind the HUI stocks. PDG, ASA and NEM all moved at about the same pace. ABX may have more potential to the upside, regardless it hedging history, imho. But, I do not plan to buy it right now. I have a small position of PDG at this point.

My largest position is still GSS, the second is AEM (recent addition), then BGO, and CDE. I sold BVN a little bit too early. Got rid of DROOY quickly to wait for re-entry at the bottom. Still have some cash left for adding small miners. There are several of them still very attractive. AEM is the one still have plenty room to appreciate. I think it should perform much better then the rest of small golds if POG moves higher.

Smaller S.A. gold mines still struggle for their high cost issues mainly due to significant appreciation of their currency vs. US Dollar. I will wait for the best entry points. GFI and DROOY are on my buy list. Good luck to all.

Sincerely,
Wade
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