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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 (1188)1/4/2004 12:58:33 AM
From: Wade  Read Replies (1) | Respond to of 48092
 
<My 1-month forecast of the range of US Dollar index is 86.8 to 83.8. The most probable target is 85.3, >

The Dollar index has fallen through the upper limit of my forecast (86.8). There is still no sign of reversal. I am surprised that there is still no panic buying of gold. Probably because of strong stock market rally. I will be watching both of the POG/SPX and XAU/SPX (GPS)charts very closely.

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

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

SA golds are looking better every day. I still hold sizable amount of these stocks...mainly in GFI, ASA and DROOY.

Silver stocks are breaking out to the new highs. PAAS is at all time high and CDE is at 4-year high. I will only add more of these shares. No plan to sell any of them.

The bond yield took a leap yesterday which is an indicator fo fear of inflation. We can see that effect to the stock market which was bullish at open but closed lower. I still partially invest in the stock market(55% PM stocks, 40% regular stocks and 5% cash). I will make major adjustment when the GPS tells me to do so. Best of luck.

Wade