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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?


To: Jan Johnstone who wrote (20730)8/23/1999 3:44:00 PM
From: Vitalsigns  Read Replies (1) | Respond to of 62348
 
Gold stocks overall where strong and the majors are the
first to move when the market for gold turns up.
Pdg and ABX tend to move together but I like PDG better as
it is half the price .
Also-

1. Gold tends to perform well between End of August to middle of October due to year end buying in Asia and Christmas jewelry sales.

2. The Charts for gold stocks are looking very interesting.

3. Stock markets have climbed back to all time highs. Bonds
should begin to sell off as rates rise taking the markets
with them. As money is taken out of sinking markets it
will put pressure on the US dollar which causes the price of
gold to firm up.

4.0 the slide in gold bullion price today may be just a head fake to retest support.