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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 (29064)	5/12/2011 10:26:57 PM
From: Wade	1 Recommendation Respond to of 48092

Here is another one talking about POG or miners lead the rally: gold-eagle.com The chart shows that POG peaked in Jan. 1980, but mining shares peaked several months later. Although the BGMI finally began to trend upward in 1979, its weakness relative to gold bullion became even more pronounced due to gold's dramatic upward acceleration. When gold bullion peaked at $800-$850 in January of 1980, the BGMI was no higher than it was in 1974. This means that the BGMI did no better than 'tread water' over a multi-year period during which the gold price quadrupled. The BGMI and gold bullion pulled back sharply from their January-1980 peaks into April of that year, at which time the gold sector of the stock market commenced a spectacular 6-month advance that would take the BGMI to almost double its January-1980 peak even though the gold price remained well below the high made early in the year. That is, there was massive strength in the mining stocks relative to the bullion during the months AFTER the bullion had reached its ultimate peak. The BGMI and gold bullion commenced long-term bear markets in October of 1980.