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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 (6584)3/3/2007 1:42:06 PM
From: silvertoad  Read Replies (1) | Respond to of 48092
 
i feel they acted rather well in face of this week's pm price declines, and will move up smartly once the turnaround comes. of course, if pog really gives up the ghost here (<600), that's another story... but i'm comfortable holding for now, betting that gold will find a bottom above 600. -jb



To: Wade who wrote (6584)3/7/2007 9:45:06 AM
From: Rarebird  Read Replies (1) | Respond to of 48092
 
The gold mining stocks have gotten their share of selling pressure, whether deserved or not, as a result of the unwinding of the Yen-Carry Trade.

But, Harmony may buck the trend because it tends to rally with the USD. It's not showing price strength, but money flow suggests there is some accumulation in the shares taking place.

Disclosure:

Long HMY (from this morning) from $13.22 for a trade.


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