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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 (1069)11/25/2003 10:45:43 PM
From: Wade  Read Replies (1) | Respond to of 48092
 
When I run the GPS to check the sanity of POG vs. SP-500. The 6-month chart tells me that we are very likely to see a POG correction in the next few sessions:

stockcharts.com[w,a]daclyyay[dc][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

I am have no plan to sell any of my gold holding, In contrary, I am going to add some of gold stocks which I have being eyeing for entry points. Silver stocks looks very strong lately. I plan to add a few more shares as well. Good luck.

The critical signal of POG total failure is when it drops to below 0.34 decisively in the above GPS chart. We are at 0.37 right now. There is no free lunch for POG running through $400 barrier. I will tighten the stops if GPS shows further weakness under 0.34. Good luck and take care.

Wade