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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 (12253)12/6/2009 11:12:52 AM
From: rubbersoul1 Recommendation  Read Replies (2) | Respond to of 48092
 
Hoye on Friday says gold stocks are going to ramp up big time after this month's consolidation.<G> Producers are going to make big moves he says and many takeovers will take place next year. So since a lot of people are expecting this, either we crash and surprise on the downside or we move up quicker than expected?

Looks like HUI 460 and gold 1150 main supports. Goldcorp traded at these prices for the last 9 months. Current price was resistance for most of the year and now support. Unless we crash, Goldcorp is a buy or hold, imo.

Treasury auction this week right? 130 billion? Expect more life supports for the dollar.