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: blind-geezer who wrote (1624)	6/15/2004 6:38:12 PM
From: Wade	Read Replies (1) of 48092

Well..I am in the golds with full force right now. Don't listen to me. <VBG> Let's review the XAU/HUI chart again: stockcharts.com[h,a]daclyyay[de][pb50!f][vc60][iUb14!Uh15,5,5]&pref=G The April/May retreat of PGO hurt HUI stocks more than that of XAU stocks. This is the reason why we see more favorable XAU values. When we examine individual gold stocks we in deed see more strength in those big golds. My favorite is still the 150% XAU index fund, PMPIX. I also own plenty PDG and FCX. Let's look at the chart of USD index: stockcharts.com[w,a]waclynay[pc40!c200!f][iut!Ul14!Uk14]&pref=G USDX fell under its 200-dma again and looks like on its way down. So, this is a good time to own golds again. The yields of both 10 and 30-year treasuries fell as Fed indicated that they won't do much about interest rates, despite inflation pressure. Clearly our economy is not recovered yet. Bullish for POG. stockcharts.com[w,a]daclynay[pc40!c200!f][iut!Ul14!Uk14]&pref=G Good trading and investing. w

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