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


To: Claude Cormier who wrote (817)8/11/2003 8:53:56 PM
From: Wade  Read Replies (1) | Respond to of 48092
 
Thank you for sharing your thoughts. Looks like POG is de-coupled with dollar index in the last few days. I wonder how long it will last. 30-year bond yield index is creeping up today. I will watch it very closely as well. Good luck.

Wade



To: Claude Cormier who wrote (817)8/14/2003 10:51:46 PM
From: Wade  Read Replies (1) | Respond to of 48092
 
Claude,
US Dollar is creeping up again and breaking out the 2-year down trend. Both QQQ and SPY are in sync with dollar in the recent trading days. Bond rates are up as well. These moves did not support gold stocks movement.

I sold most of my gold stocks and bought QQQ instead yesterday. I probably will trade INTC for a few days until POG and gold stocks give me clear signals again. Still own boat load of GSS and some GG and BVN. Take care.

Wade



To: Claude Cormier who wrote (817)8/24/2003 10:42:09 PM
From: Wade  Read Replies (1) | Respond to of 48092
 
Claude,
US Dollar index closed just a hair shy of 200 DMA, but it indeed pierced it during Friday. Good call. We will see if this continues.

The alarming signal of stock market is that JPM, MER and C all big financial stocks showed very negative pull backs last Friday. John Murphy uses them as leading indicators very often. Looks like we are going to have a nasty stock market this week. Hopefully that transform into a strong PM situation.

Wade