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

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From: gold$10k8/8/2011 3:37:05 PM
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We could get a strong bear market rally soon... maybe starting tomorrow or Wednesday. A 62% SPX retracement would be a classic move back to the H&S neckline @ SPX 1260. If so, look for Da Boyz to go above 1260 (to the former uptrend line) just far enough to turn all the bears bullish before pulling the plug. I would expect the PM miners to come along for the ride. As ever, we'll see.

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