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


To: silvertoad who wrote (6587)3/4/2007 12:23:51 PM
From: Wade  Respond to of 48092
 
Most people think $630 to $640 a support of gold. I still own some gold stocks. But, I prefer to buy gold if it falls to below $600 again. We shall see.

It seems more downside for the Chinese stock market, which can be reversed if they revalue Yuan quickly. In any rate, the worldwide stock markets will be very volatile for a while. Eventually, gold and gold stocks will decouple and reverse from the down draft of the stock market if they fall together again in the short term.