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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 (1627)	6/16/2004 11:01:32 PM
From: Wade	Read Replies (2) \| Respond to of 48092

Check this out! Very very interesting: new.stockwatch.com The National Post reports in its Wednesday, June 16, edition that gold prices and the tech-laden Nasdaq Stock Market are in near perfect step when the charts from each are put together. The Post's Scott Adams writes in the Trading Desk column that Orion Securities analyst George Albino stumbled across this relationship recently. Mr. Albino says most investors are "still assuming that gold is fulfilling its traditional role as a market hedge." There have been brief times when gold has performed in an opposite direction to the Nasdaq over the past year, but on the whole the relationship between the two is more statistically significant than gold to the United States dollar. So what could the new relationship be about, asks the Post. Mr. Albino figures the two still have little in common. In fact, he credits the relationship to broad U.S. fiscal policies. When U.S. interest rates were low last year, the market bid up all asset classes assuming a recovered economy would benefit all. "Once rates start to rise and the market is able to gauge the impact of higher rates on inflation and the U.S. economy, we expect the price movements for gold bullion and the broad equity markets to decouple."

To: Wade who wrote (1627)	6/18/2004 7:06:13 PM
From: Wade	Read Replies (1) \| Respond to of 48092

Let's take a look at Gold/USDX again: stockcharts.com[w,a]daclyyay[dc][pb50!b200][vc60][iUb14!La12,26,9]&pref=G We had a very strong gold rally (1.62%) today vs. -0.61% of USDX. The ratio of Gold/USDX at 4.43 is still bellow the ST resistance 4.50. We need one more good day to clear it. <VBG> I sold my GFI for very nice quick profit near its high when I saw the rand-gold price hardly moved today. But, I wasn't fast enough buy it back at close only to see it bounced away. stockcharts.com[w,a]daclyyay[dc][pb50!b200][vc60][iUl14!La12,26,9]&pref=G Bought some DROOY near close. Looks like it was in the same boat. We may see further weakness. But, I think this is the right time to accumulate S.A. golds slowly. I also sold a small piece of FCX and replaced it with PMPIX. All of my charts indicate that PM has recovered from the bottom and USDX is heading lower from this point on. Good luck.