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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 (1366)3/11/2004 9:10:42 PM
From: Wade  Read Replies (1) | Respond to of 48092
 
It has been a while I didn't post the POG/SPX chart. We should be very bullish about POG despite weak POG prices lately. Here is the reason:

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

The ratio of POG/SPX bounced back from the critical 0.34 and made a sharp reversal in the last several days. This is the trend indicates that despite the weak POG, the actual value of gold is rising against SP-500. General stock market will be the money source to support POG and POS. We can see the similar trend of POG/NASDAQ:

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

Now, we can see that XAU/SPX is making a positive move:

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

Those are the messages from the markets...right in front of your eyes. Take care.

Wade



To: Wade who wrote (1366)3/29/2004 11:37:59 PM
From: Wade  Read Replies (1) | Respond to of 48092
 
As predicted POG formed a higher neck line connecting to the right shoulder in this recovery. It looks like getting ready to pull back to form the right shoulder. I think this pull back could be shallow (405 to 410). But, there is good probability that this may not take place due to worldwide tension.

Those profitable producers are leading this recovery and wish everyone make a good fortune. I own BGEIX, NEM, PDG, GG, AEM, CDE, PAAS, GFI, HMY, DROOY, MRB, RNO and CLG. Sold MFN for profit.

Wade