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Gold/Mining/Energy : Pacific Rim Mining V.PFG
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To: Nexus who wrote (13083)5/11/2000 4:18:00 PM
From: Claude Cormier  Read Replies (1) of 14627
 
Nexus,

The $4.15-$4.50 level looks like very strong support now. If the 50MA ($4.50) is broken, then a test to the intermediate long term trenline should happen near $4.15-$4.25. If gold tumbles and the markets do same, a retest of the long term trendline just below $4 is possible but not probable.

This will likely conclude the correction from the January highs. I don't think that this buying opportunity will offer another trade. I would go long until the first results are out. Then the first hole will tell the story.
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