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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 409.23-1.0%Jan 7 4:00 PM EST
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To: Andrew who wrote (136)8/28/2003 5:51:01 AM
From: crustyoldprospector  Read Replies (1) of 29622
 
Andrew & Little Joe,

The symmetry so far in this chart is quite amazing. It also highlights the possibility - if the symmetry holds - of an upcoming, flash-in-the-pan crash to get a mirror image of 1998. In other words, a drop to 70 in October and recovery back to 95 by February? Interesting that such behavior might fit both the widely-espoused possibility of a general market spill this fall, and an early 2004 end of the 3-year up-leg of the 8-year gold stock cycle.

Regards,

crusty
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