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: Cogito Ergo Sum who wrote (11983)	11/28/2009 10:51:53 AM
From: Wade	Read Replies (1) of 48092

We'll see the real reactions of the US market to Dubai's default next week. No doubt, some of the big financial stocks will get hit hard if Dubai fail to raise money by Monday morning. But, I doubt they can, because they have had plenty time before the news is out, imho. We shall see. If golds got hit hard, instead of selling the shares to the shorts, we can protect ourselves with SKF just as the market showed us the way out. It appears that SKF has bottomed, which is supported by the over-the-top charts of GS and JPM. Is BKX ready to go under this round? We shall know next week. Is USD going to rebound? The chart of UUP, which is a leveraged USD fund, but it seems still needs a lot of fire power to bring it to an uptrend. Well...even if USD get a rebound, QE from worldwide central banks will stabilize and/or lift POG against every fiat currency. We shall see. Have fun. We have many ways to paly this. Take care. I finally felt better this morning from recovering a few drinks too much in Thanksgiving dinner party. I felt like a grumpy old man all day yesterday. LOL

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