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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Enigma who wrote (47559)	1/27/2000 1:52:00 PM
From: Rarebird	Read Replies (1) of 116761

The most recent Bullish Consensus on Gold, according to Market Vane, is in the low 40's. That's not bearish at all. It got down to the low teens before the second BOE Auction. Most of the Gold Threads I read are still bullish. Don't get me wrong. I think there are some real values out there in some of the gold mining stocks right now. Some of these stocks are easy doubles, perhaps 3 baggers, if you buy them here and hold them over the next 6 months or year. It's good to see them bounce here. Some of them have gotten really slaughtered. Their extremely over sold. But I don't see blood yet or a bottom. I see further downside. Retail investors have not capitulated. Their still calling for a Bull Market commencing every day of the week. Is that indicative of a bottom?

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