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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 (1006)11/13/2003 12:20:58 AM
From: Wade  Respond to of 48092
 
Charting:

If you use TC2000 for charting, try to run the price of gold (XGLD) vs. SP-500, 4-day overlapping chart. Set zone=1. You will see a clear opposite pattern of these two indexes. However, you will find that SP-500 made a sudden trend reversal from the spring of 03 to date which showed parallel movement with the price of gold. It is clear to me that SP-500 rising movement from spring of 03 was a very abnormal pattern which we now know was due to massive Fed cash injection and the boosts of tax refund. If POG and SP-500 has a constant ratio, I expect the real SP-500 value should be 600 or even lower instead of today's 1058. So, be prepared to see massive stock market sell-off.

We also noticed that POG (XGLD) continue its upward curve and heading much higher. Why I think it is heading much higher. I will let those proficient writers to tell you the reasons:

gold-eagle.com

These are the classic reports collected by Gold-Eagle. Good luck.

Sincerely,
Wade



To: Wade who wrote (1006)11/13/2003 7:12:37 AM
From: TheSlowLane  Read Replies (1) | Respond to of 48092
 
No kidding, sometimes it's better not to know. I had to go out and rake leaves for a while to calm myself! Be sure to check out Sinclair's site again. He has some excellent charts there after the action yesterday.

Paul



To: Wade who wrote (1006)11/17/2003 10:05:07 PM
From: LAWRENCE C.  Read Replies (1) | Respond to of 48092
 
Wade, I have NEM, GLG and DROOY (@2.73) so far in my wife's IRA account. She recently transferred control over to me. She had lost a lot under our former Financial Advisor.
Lawrence