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Strategies & Market Trends : Three Amigos Stock Thread

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To: LAWRENCE C. who wrote (29074)	9/26/2002 10:49:03 PM
From: Ken W	Read Replies (2) of 29382

LC FCX looks to be making a case for a floor at 12.00, however, I'd be a little shy of it at 13 and the 10dEMA...If it can't hold 12 on a retest then it is toast to the next level down. Barrick's warning today did not do any of the gold stocks any favors. Gold has been on a heck of a run for well over 6 months due to the preception that gold mining stocks are a safe haven. While I have enjoyed trading BGO, DROOY and GFI over the last 6 months, I have had a hard time sorting out why the miners have been seen as a safe harbour. (we'll see if Sergio catchs that) Seems to me the physical metal would be a safe thing to hold, but not the paper of companys that historically have been frought with cost overruns, downtime, caveins, labor problems and scam artists. JMO though. LOL EDIT: The chart 139.142.147.218 Ken

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