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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 457.82+1.3%Jan 23 4:00 PM EST
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To: bigbuk who wrote (896)12/2/2003 10:59:45 AM
From: Andrew  Read Replies (1) of 29622
 
Charts on majors are parabolic, I will get em back cheaper.

This type of price rise is unsustainable.

Rising wedges are apparent on all the majors I follow on 60 min charts. Not dissimilar to SP500 and Nasdaq.

I might be wrong but correction is due.

Gold target is 415 - 420 but We might see gold reach that target and shares stop participating.

AGE.TO sold @ 15.46
G.TO sold @ 23.73
PDG.TO sold @ 24.19

I still see gold back to 390ish one more time after reaching 415 -420.

I sell now to the herd and later will buy from the herd when they are selling.

Or I will buy back higher if I must but for now will liquidate most but not illiquid juniors like AZS.

In fact I would buy AZS if it gets wacked.
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