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[sharechat] Weak Gold - Great Time To Buy

From: "Lazy Haggis" <>
Date: Wed, 14 Apr 2004 20:28:09 +0000

Gold has been a bit weaker over the past couple of days. This is quite 
normal, not unexpected, and offers a great time to buy Aussie gold shares. 
The price of gold may drop further, but don't count on it. Remember buy into 
weakness, and sell into strength. With the fall in OZ and NZ dollar rates 
compared to the US, the fall in gold price is meaningless. However, the 
sympathy fall in OZ gold stocks is not meaningless, it represents a great 
buying opportunity.

Currently the gold price is undergoing a wedge reconciliation top, which 
probably has several weeks to run yet.  This is similar to the wedge top 
which ran from Feb'03 to Aug'03.  There are many good upcoming Aussie 
juniors and producers, we all have our favourites, but at prevailing prices 
the following offer good entry prices (as of today) with plenty of upside 
over the coming year.


Enjoy the day,
Lazy Haggis
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