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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Andrew who wrote (1189)12/19/2003 5:20:09 AM
From: Wade  Respond to of 48092
 
These are the second lives of these golds when their currencies drops again dollar.

Rand gold surge again this morning....watch the S. A. golds closely. I am traveling this morning....will catch up with you by noon time. Good luck.

Wade



To: Andrew who wrote (1189)12/19/2003 2:20:46 PM
From: Wade  Respond to of 48092
 
Andrew, Rand surged to 6.94 right now. The speed is amazingly fast. The rand-gold chart will look very pretty tonight<GG>. I think the best buys are DROOY, GFI and HMY. I really like ASA because its big discount value. I can't imagine people selling ASA into negative today....just unbelievable. I'll have to sell other stocks to buy S. A. golds right now.

The only reason we see weakness of POG is the recent strong rally of the stock markets, including energy, oil/gas and base metals. These are the biggest distractions. We need to wait for that to top out. I think the rally of POG is far from over. Just need some patience. You can see this trend clearly that POG/SPX are locked in a trading range for many months. I will just sit tight and watch the trend.

The old Wall Street saying: "Stock market is topped by a copper roof", which means that the stock market will go down after copper price is topped out. We are still in the middle of CRB commodity rally. Copper is still red hot...I will watch the prices of the base metals closely as well.

I will try to move my old 401K to IRA roll-over account for more trading fire power<VBG>. Take care.

Wade