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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 (28160)	4/19/2011 10:10:22 AM
From: gold$10k	Read Replies (4) \| Respond to of 48092

One possible explanation is that PM stocks didn't want to rally when it was clear to them that the POG would be rebuffed on the 1st (and probably 2nd) attempt at $1500 (round number). I would be the 1st to admit that trading in this sector is a crazy game that is often at odds with the fundamentals, but that's the kind of inverted logic that I try to understand. Perhaps the POG needs to find a lower support point from which to launch an attack on $1500 and the PM stocks won't rally and lead until they are convinced of the seriousness of that attack. If this is right, then GDX will at least retest 59.53 and the buy signal will be that the GDX/GLD ratio will turn positive, but really, what do I know???