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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 445.60-10.1%Jan 30 4:00 PM EST

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From: gold$10k8/25/2011 5:54:46 PM
1 Recommendation  Read Replies (1) of 29622
 
Gold can now be considered to be in a trading range between $1705 and $1917. The most immediately bullish scenario IMO would be the development of a triangle within that range which would have a probable target of ~$2000... maybe Sinclair's $2025.

stockcharts.com

If $1705 is exceeded to the downside, then $1500 to $1600 becomes likely.

Message 27593048

Either way is ok with me, although I would prefer the latter. The next significant reaction low will likely tell the story.

The 1st clue about this may be whether the current rally can penetrate clearly above $1817.60.

Currently holding 43% PMs, the rest cash.
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