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


To: gold$10k who wrote (18174)5/7/2010 7:56:33 PM
From: No Mo Mo  Read Replies (1) | Respond to of 48092
 
"Not to be a downer, but after reviewing my daily charts, IMO the odds are 3 to 1 that gold re-tests $1050 and GDX re-tests $40. The market should tell us next week."

That'd be good news for my puts.

I'm countin' on ya for downtown! <g>



To: gold$10k who wrote (18174)5/7/2010 8:42:03 PM
From: Wade  Read Replies (2) | Respond to of 48092
 
I wish I had some put options. <G>

<IMO the odds are 3 to 1 that gold re-tests $1050 and GDX re-tests $40.>

I like the odds of 3 to 1.

...the bottom line is that I still own the same gold shares. No matter the odds.

Marc Faber always say: I will never sell my gold bars. I'll always own the same weight of gold regardless the prices. LOL



To: gold$10k who wrote (18174)5/7/2010 11:28:23 PM
From: TH  Respond to of 48092
 
g10K,

Judging from the action this week, and most of the past four months, I would be surprised by any significant POG weakness. I'm very curious to see what happens if POG tests the 1135-1145 range. Last time it melted through like butter, but we have had a lot of trading above that mark on this round and I bet the support is going to be much stronger this time.

Plus, I think the Euro is about to get a shot of central monkey steroids. Again, very curious to see what happens to POG if the Euro were to bounce to say 131/133.

As for the miners, I just don't know. I've wanted to buy them for more than a month, but I'm just afraid.

Silver looks interesting again, but I want to see it smack on the door near 21 and show me it's come to play.

GT
TH