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Gold/Mining/Energy : Precious and Base Metal Investing

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To: gold$10k who wrote (8616)	3/16/2003 1:54:18 PM
From: Kaena™	Read Replies (1) of 39344

As expressed last Wednesday, I expected a bottom for the HUI last Wednesday or Thursday based on the many gold stocks testing their lows on lower volume and accordingly was buying a number of them. I agree with several posters here who feel that gold may retest $325 but that there would be limited downside for the gold stocks as most have already factored in that possibility. The HUI may well retest its recent low over the next week or two. If that happens I will view it as an opportunity to be fully invested. The decline in the gold stocks over the past several months appear to have factored a coming multi-month dollar rally. In Spring of 2001 gold stocks rallied along with the dollar and the stock markets. Perhaps that is what is going to take place after a 1-2 week period of retesting of the lows for both the gold stocks and stock markets. Either way whether we get a probable retest or not, this short term period is a low risk entry point for the gold stocks especially if you limit your risk with stops.

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