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Gold/Mining/Energy : Gold Price Monitor
GDXJ 136.03+6.2%Jan 20 4:00 PM EST

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To: Crimson Ghost who wrote (75400)8/21/2001 6:03:57 PM
From: Rarebird  Read Replies (1) of 116895
 
The reversal in the USD after the Fed rate cut was quite significant. Last weekend, I had expected the USD to rally back to its 200 day moving average before moving lower. The Gold stocks are finally beginning to act like the safe havens they are. It is only a matter of time before the gold stocks really take off. The Smart Money buys near the close and on weakness. These gold stocks are under massive accumulation. I'm very long and strong Gold stocks here because I know the commercials are dead wrong in taking such a massive short position. My fundamental indicators are very bullish for Gold.

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