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: Wade who wrote (30923)	8/29/2011 6:23:25 PM
From: gold$10k	Read Replies (2) of 48092

I think it is a mistake to ascribe relative weakness to gold after it has rallied 30% in less than 2 months to new all-time highs while the miners have been range-bound for 9 months. I strongly doubt that the miners can manage a sustained breakout in the near term regardless of compelling fundamentals... primarily because it seems that they will not sustain a rally without both gold's and SPX's co-participation, BWDIK. stockcharts.com stockcharts.com IMO even the gold rally cannot continue without the creation of setups and pops by traders who will play the game only as long as it continues to make money for them. Once confidence in the pattern of success is broken, gold will fall back to its moving averages.

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