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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Little Joe who wrote (5645)	12/2/2002 9:08:12 PM
From: Claude Cormier	Read Replies (1) of 39344

<. 75% of formations are continuation patterns and 25% are reversal patterns. > And I know that the contracting triangle is usually part of the first group. Alone by itself, the chart may not speak that much. But taken with both the chart of gold and the key reversal day in the US dollar index, I think we can be hope for a break in the good direction. As usual time will tell. <I have a few puts and since I think today is a high probability of the high for this move. I am looking for other put situations.> You are talking US equities here. I agree. Plenty of key reversal days. I am also starting to buy puts. The Jan 80 on EXPE and the Jan 95 on IBM were my first purchase today. But honestly, I hope to make much more money on going long the golds.

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