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 (1357)	2/18/2004 9:18:46 PM
From: Wade	Read Replies (1) of 48092

I'll repeat this reminder again that the rate of decline of USD has been at 1.3 point per month. If the declining rate is too fast it will rebound naturally or artificially. The up and down cycles wrap around its 500-day linear regression line. This method has shown excellent reliability so far. The recent G7 meeting repeated its intention of controlling the decline slope of USD. I won't be surprised to see USD rebound to 86.25 to the 500-day linear regression line. Or, even higher in the short term, however, this down trend will continue until the US economy is back on track. The recent small double bottom is only a short term readjustment of USD to its normal down trend. This is not a major reversal of USD in my opinion. It is best of to select the real producers and the most promising juniors for the long run. I sold my DROOY, GFI, MFN (don't know exactly why I did it when I was in a hurry to sell), and 1/2 of PAAS. But, I loaded up CDE and bought back GG again and still have some cash left in hand. AZS.V was the only one in the positive, and a big positive, in my holding today. Good luck to all. I'll be bock...like Arnold said.

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