Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Wade who wrote (1212)	1/6/2004 7:46:10 PM
From: Wade	Read Replies (1) of 48092

What a blast of POG in the last two days! POG actually hit $430 briefly...then pulled back. Looks like it need to consolidate before the next move. USDX has been weak for over a month without a break. Today, it hit 85.37 which is right on my prediction of about 85.3. We may still see USDX to hit as low as 83.8 in 2 weeks. I won't be surprised ot see some consolidation at here. I have no plan to sell any of my PM stocks just yet. But, I will rotate some of them to better positions for the next rally. Silver stocks has been treating us very well lately. SA golds also showed nice rebound, but Rand is still too strong. We'll have to wait for weaker rand or much stronger POG to pull them out from the deep slump. Nevertheless, their charts still look encouraging to me. The next round of home runs should be the turns of the juniors. I am extremely delighted to see my MFN holding showed great strength and support today when most of the golds run for cover. I think it was because MFN has had a very long consolidation and shake out process during the last several months. This is the right time for the believers. It seemed no one watching CRB index (265.41) in the last two days. It broke out 96 high. I believe it is probably 20+ year high. Bond rates remain low. Therefore, I do not expect to see major change of the fundamental of gold and silver. The remaining challenge to POG and POS is the strength of the stock markets. If POG can't show a break out pattern in the chart, it will be difficult to make major rallies. Actually, we were almost there today..only to see disappointed pull back. But, I believe the pattern is still intact. We may need several more tries to break out the Feb. 03 high. It still has a long way to go. Until then, I will stay put and watch the bottom support line at 0.34. Good luck and have fun. stockcharts.com[w,a]daclyyay[dc][pb50!b200][vc60][iUb14!La12,26,9]&pref=G Wade

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next