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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (3075)6/29/2002 10:58:42 PM
From: goldsheet  Read Replies (2) | Respond to of 4051
 
I know you do not read GPM, so I posted this here:

stockcharts.com

Point and Figure Charts do not seem to get much attention,
but this one could have been very useful a few weeks ago.

Three new high heading up to XAU 90, then a failure and a reversal (classic bull trap ?)
Went straight down to 73, bounced, then we brokedown again.

I previously said support was at 68, but 63-65 is not unreasonable.
Anyway, I have a shopping list and am looking for a good buy point.
There is a lot of stuff down 30% (or more) from very recent peaks.

Goldfields (NYSE:GFI) looks much better at 11 than at 17 (35% off high)
Anglogold (NYSE:AU) looks better at 26 than at 35 (26% off high)