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 (1006)	11/13/2003 12:20:58 AM
From: Wade	of 48092

Charting: If you use TC2000 for charting, try to run the price of gold (XGLD) vs. SP-500, 4-day overlapping chart. Set zone=1. You will see a clear opposite pattern of these two indexes. However, you will find that SP-500 made a sudden trend reversal from the spring of 03 to date which showed parallel movement with the price of gold. It is clear to me that SP-500 rising movement from spring of 03 was a very abnormal pattern which we now know was due to massive Fed cash injection and the boosts of tax refund. If POG and SP-500 has a constant ratio, I expect the real SP-500 value should be 600 or even lower instead of today's 1058. So, be prepared to see massive stock market sell-off. We also noticed that POG (XGLD) continue its upward curve and heading much higher. Why I think it is heading much higher. I will let those proficient writers to tell you the reasons: gold-eagle.com These are the classic reports collected by Gold-Eagle. Good luck. Sincerely, Wade

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