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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To: Wade who wrote (45659)	7/13/2013 1:31:27 PM
From: Fintas	of 48092

Perhaps Gold dropped due to being up significantly since 2003 ish. Many NEEDED something that was liquid and they began selling. The selling was exacerbated due to things levered. As a result we have seen the drop and the question now is was enough reconciled or is there more to come? My work suggested a 1220 from the highs It has also presented the bounce that is now being seen as was the last one where MANY bought off the 1335 to 1450 ish. ONLY to see it go LOWER. NOW many buy off the 1180 and yes it's pushed 1280. However whether that bounce stops at 1300 or 1342 or to another number considered above will be determined over the next weeks. Yet beyond that my work CONTINUES to support a LOWER low will be seen. So if one wants to avoid being one who did what happened from 1335 to 1450. One might want to show some patience and wait. Traders can trade their brains out. BUT NO one is giving anyone back the money to those who paid 1700/1500/1400. The why GOLD will go lower may only be known by those who know. However I suspect it has to do more with NEED then what you present. IMHO Fintas

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