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

To: TheSlowLane who wrote (30592)	8/16/2011 7:34:59 AM
From: Wade	Read Replies (1) \| Respond to of 48092

He is right. All of my technical signals say buy while the volatilities kept traders out. This is the perfect timing for the long term investors to build a nice PF. I think the pro traders are waiting for the pull back. They think the POG need a hard pull back even Sinclair said this last night: Some of the finest minds in gold anticipate a very short but brutal reaction in price. The dollar market seems to not agree with a gold correction here. They thought gold stocks will make a abcde pull back, or this rally is just a x-wave with E-wave analysis. But, there are so many miners are such good deals I wouldn't mess up the opportunities. I am actually surprised that they are sitting around for me to pick at prices I like. 1% cash, 3% metals. 96% miners. One very important factor is that this is a tiny sector and lots of money want to pile in. What we are seeing is a non-equilibrium and very emotional market. Good trade. <G> The only most important signal I follow is the "trade weighted broad US dollar index". which I brought up frequently. This index has fallen under its 08 low and this is the reason why POG shot a hole in the roof, imho. We shall see. BTW, Chinese Yuan made an ATH vs. USD last week.