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Strategies & Market Trends : Strictly: Drilling II
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To: isopatch who wrote (3716)11/7/2001 11:09:44 AM
From: ItsAllCyclical  Read Replies (2) of 36161
 
Added to LT KGC position today. I believe earnings coming out Friday is putting downward pressure on the stock. Saw the same thing happen in PDG, NEM, DROOY and others. After earnings if gold is still at these levels I expect KGC to be back in the mid to lower .90's. Considering how long it's been basing at these levels the next move up in gold prices should take us to the $1 to 1.50 range.
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