Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Wade who wrote (1381)	4/10/2004 8:50:12 PM
From: Wade	Read Replies (1) \| Respond to of 48092

After examining the latest employment report many have found that the report still did not show real job improvement. Nevertheless, the market bought the story and USD made a rally and of course POG took a hit. However, I felt that this is a very welcome shake out at here before POG testing $429 short term resistance again. This pull back looked like a handle of instead of the inverted right shoulder at here. Jim Sinclair is very cautious at this moment, because POG could pull back to 405 to 410 area to form the expected inverted head-and-shoulder pattern before the next rally. As a long term investor and mid-term trader, I prefer to hold on to quality producers at this point. This week I liquidated all of the SP-500 index fund in my 401K plan to cash, with my previous employer, and transferred to my IRA Roll-Over account, which gives me more flexibility to invest. I will put more and more weight on PMPIX from this point when the timing is right. Two old stocks, GFI and ASA, got my attentions again. Both stocks were hit hard when Rand became stronger. Now, both of them show the same inverted head-and-shoulder patterns. ABX has been the leader of the big golds lately: finance.yahoo.com ..mainly due to buy out rumors. CRB index is heading higher again. The signs of inflation are every where. POG will be much higher if geopolitical factors, including the US, are getting worse. Wade