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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: TheBusDriver who wrote (30288)1/20/2007 7:40:42 AM
From: loantech  Read Replies (1) of 78418
 
Moving the bar higher?
<The first sign of genuine renewed strength on this chart would come if Gold broke that sequence. We have the first sign of it doing that as Gold topped the $US 635 level this week. A definitive break of the current distribution area requires a spot future Gold close of $US 660 or higher.

Looking at the bigger picture on the chart, we have a very well defined "reverse" head and shoulders formation which has now nearly completed its formation. As a rule, when such formations are broken out of, the direction is usually UP. The trigger to signal this is the $US 660 or higher Gold close already mentioned. We'll see what happens.>

the-privateer.com
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