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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 (1075)11/26/2003 8:48:33 AM
From: Andrew  Read Replies (1) | Respond to of 48092
 
stockcharts.com[w,a]wacayyay[df][pd20,2!b40][vc60][iLa12,26,9!Lh14,3]&pref=G

I've been thinking that the market is very overextended by every measure of analysis.

Technical and fundamental. Technically overbought fundamentally overvalued. Even sentiment is far too bullish. Look at the futures this AM. I have been seeing this pattern now for a while though. Futures jump on data that should indicate rate hikes coming. The futures market is thin and it doesn't always translate into a move at 9:30 or a sustainable move anyhow.

Gold on the other hand still gets bashed in the media and we climb a wall of worry.



To: Wade who wrote (1075)11/26/2003 6:56:57 PM
From: jrhana  Read Replies (1) | Respond to of 48092
 
My blue chip brethern ABER and BVN keep on marching

finance.yahoo.com

<I feel that reading POG or XAU chart is only watching a two dimensional movie. Once we put SP-500 in the chart, it suddenly becomes 3D!!>

Here I must part ways. The more I watch, the more convinced that the PMs and the general markets are two independent events. Following one does not help you predict the other.
To repeat: two separate games. The Knicks and the Jets both play in NYC. But if the Knicks win one day, it does not mean the Jets are about to win.

Two separate games each with its own rulebook. I am sticking to the game where I know the rules.