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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (497)	9/28/1999 8:43:00 PM
From: John D. White	Read Replies (2) \| Respond to of 48092

ASA was the bell-wether before the apartide mess in S.A. I think specialists are assuming gold will test 300 or so tonight so they can gap all the stocks down at the open tomorrow, shake out the late-comers and sucker daytraders into outsmarting themselves. A successful test of 300 early, and the .XAU could play a fast catch-up with the metal prices. My preference would be to build a base here for a few days - but that's not likely to happen - it will take a while to burn off all this volatility. I sold a few out-of the money October covered calls today. It would be best for me if the market took a breather until option expiration. I am short puts on all the majors as well. Would like to sell more at lower stock prices when these expire rather than risk rolling them up and out. Added PAAS (silver) at 6 1/4 as well as a few pennies. (good call Mark!) SWC looked good today as silver, platinum and palladium moved up too.