Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Andrew who wrote (941)	10/27/2003 9:59:09 PM
From: Wade	Read Replies (1) \| Respond to of 48092

Andrew, Thanks for your excellent posts and invitation. I have been reading your thread very frequently<G>. I enjoy it very much. Your prediction of POG movement demonstrated that you really know what you are talking about<VBG>. I will post there when I think I have something valuable to contribute. I spend most of my time to watch and interpret the movements of US Dollar, CRB Index, SP-500 and Bond Yields, besides POG and gold stocks. Therefore, your gold stock selections should be a great time saving tool for me<VBG>. At this moment, I am watching 2-year chart of JPM to help me understand the direction of the financial market. This chart shows an inverted H&S pattern which is normally interpreted as long term bullish. However, its gap down last week gave the fist warning sign of its weakness. It is very abnormal for a big stock like its size. We all can see the obvious sign of its weakness, but its money stream still strong which mean that I may have to wait for that signal to sell short....probably in December/January. I will watch its 200-DMA closely. MSFT took a gap down last Friday. This is another very bad sign for the stock market. Failed rebound should be a short selling signal. Currently, I am debating if I should put more money into gold stocks, or keep some cash to short these two and QQQ. QQQ still looks very strong. This big bull is hard to kill...may be in a few months. Therefore, I don't feel POG ready to fly until QQQ to tank, which should hit squarely on your POG rally prediction timeline<VBG>. US Dollar looks weak, however, there is still possibility to rebound to 93-95 area if Iraqi situation turns better. Furthermore, there are foreign countries want to support US Dollar at this point. I agree with the prediction of most of the analysis I read that US Dollar is on the long term down trend. This is the primary reason I have been in gold stocks. 30-year bond yields remain at the record low level and CRB inching up daily. This is a clear signal that Fed still pumping more dollar to rescue the economy. The fine line between keeping the economy going and keeping CRB in the bay at the same time requires no margin for error. This is not an easy task at all. POG chart shows possible short term double top if POG can not break out. This is another critical challenge for POG. Good luck.