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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 (1195)12/24/2003 2:29:55 AM
From: Wade  Read Replies (1) | Respond to of 48092
 
< hope that the markets are treating you well.>

I lost about 4% from the recent top of gold stocks. Mostly due to the cushions from other non-gold investments. I will keep a diversified position as long as there is no clear sign of major breakout of POG/SPX and XAU/SPX.

Yes, XAU and HUI looked ready to reverse the down trend. The cautionary note is that the strengthen of POG was mainly due to the recent elevated alert level in the US. We will see if POG can breakout the resistance at $412-416 zone.

SA golds still look very positive to me.

Good luck.

Wade