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

To: Eva who wrote (25394)	1/27/2011 12:03:44 PM
From: John McCarthy	1 Recommendation Read Replies (1) \| Respond to of 48092

Hi Eva Thanks for the information as I follow Rodgers also. With respect to the current gold tanking TREND .... I ain't buying into 'gold was due for a correction or words to that effect ....' In no particular order .... Reason One: 1/14/2010 According to Sentimentrader.com, the S&P 500 has now gone 92 days without closing below its 50-day moving average. That has only happened 17 times since 1928. But what is really amazing is that over the past 30 days, we haven’t closed below the 10-day moving average even once. That has never happened in the last 82 years of market history. GOD'S WORK? wallstreetpit.com Reason Two: 1/26/2010 No Link - from ZeroHedge Effectively a 200 share trade in IBM at 3:15 helped the DOW rise by ~~3% due to yada, yada, yada ..... And people have tried to get information about that trade and could not (i.e. have called the NYSE) GOD'S WORK? Reason Three: various times Jan Numbnuts from GS is pounding the table that Ben will stop QE2 in June. GOD'S WORK? Reason Four: a couple of days ago COMEX increased the margin req. for duck soup and peanut butter and announced it - then simultaneously increased the margin req. on gold and silver as a kinda after thought. GOD'S WORK? Reason Five: various Wade posts Chinese civilians will be getting into the gold market on 2/4/2010 - if I read it correctly. Thank God Reason Six: December 2010 After Nearly Two Years Of Searching, TrimTabs Still Can't Figure Out Who Is Buying Stocks Submitted by Tyler Durden on 12/23/2010 18:05 -0500 GOD'S WORK? zerohedge.com Reason Seven: Right Now On a seasonal basis this is prime time for gold .... From a bad memory - it has tanked in January 3 out of 10 times in the last 10 years .... GOD'S WORK? In closing - when did the USA dollar get better? I missed it. regards John