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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)
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To: Dan P who wrote (818)12/2/2003 7:55:00 PM
From: Wade   of 972
 
Dan,
Needless to say that I am very delighted about the profits in my accounts.

I disagree with that thinking about POG, but to some degree agree with them about gold stocks.

I think most of the shake-outs of POG were done just below $400 POG. Many gold stocks holders were on the side line waiting for the break out. Now, this is the time for actions, imho. POG has shaken-outs and corrections all the way to here. Did he predict the % of correction? $10 drop is not a correction in my opinion.

I agree with them that some of the smaller stocks were probably too far ahead of themselves. But, I don't feel NEM need correction at all. Its price is under my target of $55 at $403 POG. I consider it is still a buy. I added more shares last week. Many juniors are still cheap, imho.

Wade
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