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

To: rubbersoul who wrote (11463)	11/14/2009 9:43:30 AM
From: Wade	Read Replies (3) \| Respond to of 48092

The demand of physical gold is still very strong at this price. The best case scenario is POG keeps on going up. ha But, the next best thing is it stays at the same level if USD is pumped up on purpose next week, which means POG goes up on foreign currency basis. That will put even more demand from the rest of the world. I can't imagine how bad it will look if USD crashes next week when Obama is on his Asia trip. Another thought is that a group of traders like to trade the ratios of gold vs. silver. That is why some of the newsletter writers kept on mentioning the Gold/Silver ratio. I think/guess they are long gold and short silver right now. We will find out very soon. My energy position is only about 4% at this moment. I am still troubled by the high inventories vs. asset plays of commodities, which has been a tug of war among investors. It won't be a happy situation got caught at the wrong side of the plays and fast swings.