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Strategies & Market Trends : Strictly: Drilling II
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To: Bert who wrote (29980)3/28/2003 3:52:14 PM
From: ItsAllCyclical  Read Replies (1) of 36161
 
bert, I wouldn't judge the gold action based mostly upon MNG and WHT. Not sure if you are...but that's the impression I get. XAU and HUI both broke above downtrend lines. So have many individual stocks in the sector. Given the oversold indicators it started from if gold continues up a few more dollars (335+) next week I expect this rally to continue. It may be about 1/2 over percentage wise, but hard to say. I obviously took some profits today, but I'm letting most of it run.
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