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

To: Cogito Ergo Sum who wrote (12416)	12/8/2009 8:03:02 PM
From: kayco	Read Replies (3) \| Respond to of 48092

TBS - I have dumped out most of my miners today, including my AEM calls.I got nailed twice on these calls in 48 hours. I looked at AUY(YRI) earlier today and drop was not as substantial as some miners. but it was still bad and the volume was the same today as the 20 day average. Don't see any thing indicating turn around. I dumped my AUY last week. Some thing looks good one day and the next day it is weak. I think once you have institutional buyers on a stock, you are just a bystander. The volumes were US trade. I am still sitting on NXG and GBG and one spec miner. To me, gold is the dollar and interest rates. I am not big on the inflation thing. The dollar will eventually be less important but I don't see US falling off a cliff. If the stock market goes down, gold and miners will go down with it. We(yours truly) were lulled into a false sense of security with the whole world calling for gold to go up: Peterson et al.. Right now we need to find a real bottom. I will see what Rosenberg says tomorrow, he has been calling for a back off in gold for a couple of weeks. I bought more MOT today.