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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 (1743)7/28/2004 12:00:58 AM
From: Wade  Read Replies (2) | Respond to of 48092
 
Stock markets and US dollar reacted positively by good news of strong consumer confidence and strong housing news. Money flowed from US Treasuries to the stocks and USD caused sharp rise of yield. Golds reversed positively after initial sell-off during the day, which meant that goldbugs are not as scared as were they a few days ago. This may be a signal of the end of decline. More news to come:

1. July 28: Durable goods. 8:30 a. m.
2. July 29: Employment cost - 8:30. Initial jobless claims - 8:30.
3. July 30 - GDP - 8:30. Chicago PMI - 10:00.

Good trade.



To: Wade who wrote (1743)9/30/2004 10:48:22 PM
From: Wade  Respond to of 48092
 
Message 20352608

<....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.>

This was exactly what I am waiting for two months ago. We are on the right track.... Good luck.


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