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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 (1723)	7/21/2004 9:52:37 PM
From: Yogizuna	Read Replies (1) \| Respond to of 48092

Time to put on our chicken suits! LOL But we should be getting ready to accumulate on the weakness.

To: Wade who wrote (1723)	7/27/2004 10:10:39 PM
From: Wade	Read Replies (2) \| Respond to of 48092

Looks like we are closer to the bottom. The worst case is about another 10% drop of XAU to ~75, if the golds are still on the primary UT. I like the strong reversal actions of golds despite dropping POG. We had a very strong close today. After I put 50- and 100-dma onto the chart. We can see that 50-dma has turned down for about 1 1/2 months but 100-dma was still rising at that time. The intersection of these two curves at early March 04 signaled inevitable major correction many of us didn't pay attention to. Now, let's look at the current situations. 50-dma has been turning up and 100-dma is still dropping. We can eyeball estimate that the intersection may take place in about one month, and the major reversal may take place in about 2 months (the end of September). These actions should match seasonal strength of POG. Wish the best. Wade