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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 (11460)11/13/2009 4:37:08 PM
From: Wade  Read Replies (2) | Respond to of 48092
 
Gold closed at high note today, but silver is still lagging. Next week will be critical. If gold can take off in conjunction of dollar crashing it will pull up silver.

However, we know Obama is on his trip in Asia visiting:
Japan - Nov. 14
China - Nov. 15 - 18
South Korea- Nov. 18 -19

..and will return on Nov. 19 ( Thursday)

Therefore, we should expect strong dollar policy in force next week. This is going to be an expensive trip. Please be careful and take advantages to buy dips..

Good luck. I need that too. lol



To: Wade who wrote (11460)11/13/2009 5:25:49 PM
From: rubbersoul  Read Replies (1) | Respond to of 48092
 
Congratulations, Wade.<G>

Gold could just trade in a tight range and stocks could sell off. Stocks more often than not dip at the end of months. PM stocks are still oversold and volume has been decreasing. The fact that the bigger PM stocks didn't even challenge Wednesday's high made me cautious.

I'm 20% cash, 15% HGD.TO (2X TSX Gold Short), 45% PM miners, and 20% energy.


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