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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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From: Wade6/29/2010 5:26:28 PM
   of 48092
 
jsmineset.com

"These buyers are stepping into bouts of weakness seeing it as an opportunity to acquire the metal cheaper realizing that the conditions which have led to gold’s rise are not getting better but are actually deteriorating. It is this fundamental reality which is inspiring the bulls to join the battle against the enemies of the metal who continue to rely solely on market technical factors generated by price action for their only weapon of attack. In other words, the entire bear argument in gold is derived SOLELY from the price action on the technical charts. If the bulls can call that bluff, particularly if they would force these paper loving shorts to stand and deliver the physical gold, the whole military complex of the perma gold bears would crumple overnight. The bullion banks are spitting into the eye of a hurricane and daring the storm to get them wet. If gold bulls can once again build on their gritty performance of today, just as they did last week, the gold shorts had better start looking for some damn good wet suits."
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