Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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

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From: Ms. Baby Boomer	6/29/2013 12:55:53 PM
	1 Recommendation Recommended By Machaon Read Replies (1) of 48092

Gold Bugged: Contrarians Not Ready to Give Up Yet... Saturday, 29 Jun 2013 ... MacNeil Curry, technical strategist at Bank of America Merrill Lynch, issued a plaintive "GOLD BEARS BEWARE" warning in a research note, saying proprietary models at his firm suggest a bottom is near. BofA holds a strongly positive stance on gold, beginning 2013 with a $2,000 price target for year's end and $2,400 for 2014. Curry said the price is likely to linger around $1,200 an ounce for a while, "but this decline is in its final stages." A bullish case for gold would be made once the metal cracks $1,270. However, Curry said in in email that the $2,000 target is no longer valid, though he didn't indicate where the new expectation lies. "There is almost no way that will happen now," Curry said... cnbc.com Have a nice weekend.... M

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