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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Andrew who wrote (916)	12/4/2003 12:01:48 AM
From: Little Joe	Read Replies (3) \| Respond to of 29622

Andy: Spent some time reviewing the gold chart today and thinking about the price of gold. I have noticed that wherever you go there is a lot of expectation of at least a short term correction in pog. The price of stocks is described as "parabolic" and indeed a few are. Since the market seldom follows the conventional view I want to suggest an alternate possibility. Many of the charts I look at are in orderly advances, they become over bought but correct and continue their advance. Look at a chart of nemont for example. For some reason I have lost my paste function so I can't put one up, but if you look at it you will see a steep rise from 45 to 50, which is hardly a blow off and now it appears to be consolidating. Many of the gold charts are displaying this type of action. Also my projection of a target for the POG based on the triangle breakout to the upside is 460ish. However if gold goes above 420 the next resistance area of any substance is 500. Also, the dollar is in freefall and CRB index and all commodity indexes for that matter are moving up rapidly. I have also noticed that on vector vest's industry ratings the top three industries were mining related with PM mines in first place. I suggest that the market will fool the majority and move up, possibly to the 500 area before a substantial correction sets in. Wouldn't that be a hoot. By the way if you or anyone has any idea how I can restore my cut and paste function, I would appreciate suggestions. Little joe