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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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To: TheSlowLane who wrote (5141)5/19/2006 2:34:43 PM
From: Beachside Bill  Read Replies (1) of 48092
 
Last Yahoo poll showed ~80% of people are scared of home building stocks now. That about the area I like and my charts confirm. Notice, they did not fall as much as the gold stocks did over the last few weeks with numerous downgrades on the home boys and upgrades on gold stocks. When the market rises watch all stocks including gold stocks go up but... some go up much further than others. Looking back gold should look like a dead cat bounce with other commodity sectors since world demand has fallen for most commodies. Supply and demand allways overide scare tactics that raise the price of commodities.
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