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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 368.18

-0.5%

Oct 31 5:00 PM EST

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To: gold$10k who wrote (17933)	3/11/2009 9:55:36 PM
From: TH	1 Recommendation Read Replies (1) of 29622

VT, Excellent and timely, as I was going to (gold)bug you for some new charts. What do you make of that dollar chart? I wrote a memo for the currency department at my company last month where I used one of your charts and explained that we would probably break up out of that triangle, put in a few days above, then sink below and quickly blow back through again. And then, what happened next might give us some real direction. My gut says it goes higher, but if we peek above and can't hold it, we might see a real down move. And for gold, this moving in the same direction as the dollar will end once that next down move starts. Gold should finally make the rip through that dreaded four digit barrier. I think. I mean I hope. I mean it is supposed to work that way in a rational and balanced universe. As for the action today, I'm not convinced to add. We are still below my sell point on almost every miner I was holding. I'm going to watch a bit more. Somehow I just think a final shake to 850 is in the cards, but anything below that will be bought in force. GT TH

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