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

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To: rubbersoul who wrote (30885)8/28/2011 5:03:39 PM
From: akgoldbug$20K  Read Replies (5) of 48092
 
Hello from Anchorage AK,

Eva, TSL, Russ, and all you old timers as I peruse my old haunts like the woodshed et al... I can't remember what year I was posting but gold was 450 500. I remember the falcon aka polar~something from Fairbanks AK. I know this is a great group... all really nice folks It's fun to re connect but ~losing ~ memory, I can't even remember my old handle, sheesh...

I'll connect up here more often to share, it will be good to get some new input and ideas.

I agree with the undervalued and potential rocket ship for the miners but I'd be careful here in Sept Oct timeframe. We have another liquidity crunch coming and this could be the mutha of all.

Thus the big stock market is at risk of bringing down stock assets including GDX and GDXJ... ie risk off, sell baby with bath water? General Markets have a bit airspace under the chart. ie. loss of liquidity may bring the miners down hard.

GDX/$GOLD ratio This chart has a long way to go to turn Bullish. $Gold will out perform

stockcharts.com



GOLD SILVER ratio - This is going to resolve UP, yes? = risk off.
stockcharts.com



GDX/GDXJ ratio over bot.
stockcharts.com

$GOLD/GDXJ
stockcharts.com
Over Bot - Both could drop quite a bit.

keep tabs on these:

zerohedge.com
howestreet.com (hoye and ross clark comments and charts are excellent)
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