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Strategies & Market Trends : Strictly: Drilling II
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To: Frank Pembleton who wrote (556)8/24/2001 1:32:13 PM
From: gold$10k  Read Replies (2) of 36161
 
Frank,

Many of the juniors/explorers that I follow are backed up to their support levels and even breaking through a bit. MAE hit an intra-day low of .95 on July 10th. The next support is the high .80's from last November, but it would be bullish if MAE closed at or above $1.00.

This is why I consider it valuable to keep some powder dry. The prices of gold mining stocks can get more and more ridiculous. OTOH, I'm confident that I will make money on everything I've bought.

Best,

vt
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