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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 411.49

+0.6%

Jan 8 4:00 PM EST

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To: Andrew who started this subject	10/21/2003 7:45:00 PM
From: Andrew	Read Replies (2) of 29622

Pretty much looks good here IMO. Gold shares are indicating up since they usually lead the gold price higher. It looks like gold may be getting ready to move again. stockcharts.com[w,a]dacayyay[pd20,2!b200][vc60][iLa12,26,9!Lh14,3]&pref=G The price has consolidated in the 365 to 375 area as can be seen by the congestion on the chart and has now broken above the 377-378 resistance. If 377 holds now gold should start to move higher. I believe for now gold is on track to surpass 400 as per my original analysis. XAU looks good to go. Perhaps money should be rotated into XAU stocks as some juniors are frothy. stockcharts.com[w,a]dacayyay[pd20,2!b200][vc60][iLa12,26,9!Lh14,3]&pref=G

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