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

To: Andrew who wrote (1041)	11/21/2003 9:58:34 PM
From: Wade	Read Replies (1) \| Respond to of 48092

I was quite amazed to see the see-saw battle of POG just below the critical $$400 line today. I wonder what our current status is, vs. the rest of the stock markets. Here are several charts may help us to gauge our relative positions. XAU/COMPQ: stockcharts.com[w,a]daclyyay[df][pb50!b200][vc60][iUb14!La12,26,9]&pref=G XAU/DJ-30: stockcharts.com[w,a]daclyyay[df][pb50!b200][vc60][iUb14!La12,26,9]&pref=G XAU/SP-500: stockcharts.com[w,a]daclyyay[df][pb50!b200][vc60][iUb14!La12,26,9]&pref=G These charts show that XAU is clearly the better investment choice vs. DJ-30, SP-500 and COMPQ in the past 3 years. Both XAU/DJ-30 and XAU/SP-500 broke out to the new highs. After we see XAU/COMPQ breaks out we will see significant change of attitudes toward gold from average investors. All three charts showed extremely bullish SAUCER AND HANDLE formation. The reason we do not see flood of money coming to gold right now, here are a few hints: POG/COMPQ: stockcharts.com[w,a]daclyyay[df][pb50!b200][vc60][iUb14!La12,26,9]&pref=G POG/DJ-30: stockcharts.com[w,a]daclyyay[df][pb50!b200][vc60][iUb14!La12,26,9]&pref=G POG/SP-500: stockcharts.com[w,a]daclyyay[df][pb50!b200][vc60][iUb14!La12,26,9]&pref=G These three charts indicated that POG rally still lag behind XAU and HUI. It is apparent that the potential SAUCER AND HANDLE formations aren't ready to break out yet. We will see major explosive movement after the breakouts positively identify the true bullish nature of Gold. Naturally, we should expect to see some degree of bullish responses when the XAU/COMPQ finally breaks out. However, the POG/COMPQ, POG/DJ-30 and POG/SP-500 are the best gauges, imho. Good investing. Wade