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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.61

+3.0%

Dec 19 4:00 PM EST

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To: pater tenebrarum who wrote (56114)	7/12/2000 2:48:56 PM
From: Rarebird	Read Replies (2) of 116816

One of the dangers in regard to gold stocks at this point is that some investors/traders may dump their shares and invest it in Technology if they feel a major new leg up is developing. I only have a target of 4450 on the NAZ so I'm not in the Bublicious camp yet. As you know, I calmly ( HA HA!) called for this breakout to take place and wasn't fazed in the least by the recent choppy behavior. PS Gold stocks do look very vulnerable here. 4100 is a very key level for the COMP to break through. Follow through buying should materialize if that level is taken out.

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