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: maceng2 who wrote (1626)	6/15/2004 8:23:13 PM
From: Wade	Read Replies (2) of 48092

I am in the same boat. <G> Let's take a look at Gold/USDX to find out the direction: stockcharts.com[w,a]daclyyay[dc][pb50!b200][vc60][iUb14!La12,26,9]&pref=G Needless to say that the ratio is below its 50- and 200-dma. No wonder we are in a bearish situation. The encouraging sign is that this ratio has been slowly recovered since mid-May. The recent pull back looks like a small correction after a very fast run up. Today, we saw a very strong rebound of Gold and looks like the gold/USDX ratio is going to continue its upward movement. We need a few more days of data to confirm this direction. The Gold/USDX value in the chart needs to clear 4.50 resistance, which will require 3.4 % change, but it can be achieved by downward movement of USDX by 1.7% (to 87.62) and upward movement of POG by 1.7 % (to 394.3). Both are not too far from the current values. The overnight actions of POG has been very positive at Hong Kong. Hope to see the best news tomorrow. Good luck. Wade

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next