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

To: Wade who wrote (864)	9/19/2003 11:37:06 PM
From: Wade	Read Replies (1) \| Respond to of 48092

POG apparently hit the middle of the long term resistant zone which is mainly from $370 to $395. We still need a lot of buying power to break out this area. The good signs are weak dollar and very low interest rate. Both of these are the critical factors to maintain the momentum. Some small pull backs are normal. We will see big swings of $20+ per day of POG on the way up. The only way to capture major profit from gold stocks is to give a big slack for corrections. The next logical support for US dollar index is at ~94, but it is a very weak. I think the major support is at ~92 which will provide us the fire power to penetrate $400 POG. POG will make another major rally to $500+ when it is apparent that FED is trying to inflate US out of debts. There will be many other ways to profit at that point. But, gold stocks and gold mutual funds are the best way for the ordinary people (99% population) to protect themselves. We are still far from that point. Good luck to all. Wade