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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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To: gold$10k who wrote (42373)4/12/2013 12:38:21 PM
From: Anchan  Read Replies (1) of 48092
 
gold$10k, I would appreciate your view of the bigger picture as of now.
Last week, both the Aden sisters and Louise Yamada warned that support for gold was at 1536 or 1539. Below that, they saw it going to the 1350-1400 level. If they are right, gold won't support an uphill walk by the GDX for a while.
On August 20 last year, you wrote about the GDX:
“... a fall below 39 would imply that the 18 month long H&S with a target of 32 would be completed.”
GDX has reached 32 today. Where to, do you think, from here?
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