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: dara who wrote (31171)	9/7/2011 8:14:18 PM
From: gold$10k	1 Recommendation Read Replies (1) of 48092

Thanks for asking... I didn't know either. "The cure for boredom is curiosity. There is no cure for curiosity." - Dorothy Parker "One of the more valuable indicators that we track, but rarely share is the Gold Miners Bullish Percent Index or BPGDM, which measures the percentage of miners in the NYSE Arca (AMEX) Gold Miners Index (GDM) that are in point and figure chart uptrends (most all will be above key moving averages). We think of it as a forward-looking contrary barometer. As this index moves much higher we reckon that there are fewer and fewer people left to buy and thus the market is becoming overbought, and vice versa." gotgoldreport.com

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