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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 (1186)12/18/2003 8:01:17 PM
From: TheSlowLane  Read Replies (1) | Respond to of 48092
 
Nice work, Wade. The picture makes it pretty clear and that has to be encouraging. I don't have a lot of exposure to SA miners (except Great Basin, which has a decent property in the Wits area), but looks like that might be where the action is going near-term.



To: Wade who wrote (1186)12/19/2003 1:10:05 AM
From: Andrew  Read Replies (2) | Respond to of 48092
 
looks like the Gold price in Rand is in a well defined downtrend.

It looks like it may be near a breakout of this downtrend.

I have noticed the Rand has been weakening to the USD a little lately and so has the $CAN.

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

It concerns me a little that the Gold price is so closely tied to the $USD in that this is mainly the Euro.

So if the Euro weakens to the USD is the Bull market in Gold over?



To: Wade who wrote (1186)12/19/2003 3:17:26 PM
From: Wade  Read Replies (1) | Respond to of 48092
 
Big time for S. A. gold stocks!!!

Rand-Gold will be trading at 2863/oz if Rand is traded at 7.O and POG at 409. Rand Gold will show major change of momentum to the up-sdie when it breaks out 2900 resistance. I sold my HOFF position and bought more HMY today. Good luck and take care.

Wade