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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: rubbersoul who wrote (14376)1/29/2010 12:34:12 AM
From: gold$10k   of 48092
 
Perhaps I am too bullish in looking at volume as possible capitulation and the bounce as buying. A bigger bounce would have inspired more confidence. Right now there are quite a few hints of an impending turn including a doji today on the gold/XAU chart,

stockcharts.com

but no confirmation as yet.

One more thing, after today many of the usual short-term event-based reasons to suppress gold... FOMC, gold option expiration, Davos, treasury auction... will be over.

Meanwhile, I still have 4% cash to be spent only on distinctly better bargains.
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