Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Eva who wrote (57385)	9/23/2002 10:25:15 AM
From: Vitalsigns	Read Replies (1) of 62347

Liquidated 50% positions in Prec Metal because profit targets were hit. The Remaining 50% is still long. Price currently at important juncture with possibility of Bullion hitting $350 by Mid Oct. Bullion Weekly in a triangle formation. Right now at upper trendline and consolidating. Long term into 2004 GOlD bullish, short term could be very choppy here into the next few weeks. Gold mining shares direction will depend on how it reacts to upper resistance that it is currently challenging. Because there are enoough indicators pointing to a topping formation , yet enough indicators pointing to higher prices, it was prudent to reduce exposure and book some gains and reduce some risk.

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