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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 (1111)12/4/2003 10:28:28 PM
From: Andrew  Read Replies (1) | Respond to of 48092
 
I'll be watching the charts. I believe we are short term over bought. At some point the stocks will get over sold.

If you look at those charts I posted there are rising wedges on all of them. They usually always break to the downside.

One of my concerns was the Gold shares tracking the rest of the markets closely. This means the public is in IMO.

Could be days or weeks. I might even pick away at them and trade the majors before taking positions again.

No doubt in my mind that Gold and shares are going higher but I see a chance for a substantial selloff together with the rest of the market here.