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


To: ItsAllCyclical who wrote (45072)6/26/2013 7:06:27 PM
From: SwampDogg  Read Replies (1) | Respond to of 48092
 
I find the ABX angle very interesting
When they were forward selling in the 90s and controlling the POG quite well what was very interesting was the political power players on the board (some are still there while other like Bush senior are not).
They are not simply a company that made some bad choices and they are going to go BK. They are still very much involved with the future of the gold market and IMO probably the POG.
Today was an odd tape. Stocks like GG and YRI closed flat to the open on huge volume. Churning to accumulate.
Don't really know who would be short gold and silver here with the potenital of a huge physical buyer coming in.

Wild times
Perhaps a $150-$200 up day coming soon (last engulfing on a monthly:)