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Strategies & Market Trends : Natural Resource Stocks
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To: Roebear who wrote (26210)6/24/2005 5:35:51 PM
From: Crimson Ghost  Read Replies (1) of 108787
 
Huge increase in commercial gold shorts.

Last week I had estimated a rise from 90,000 to 120,000. Well the actual number came in near 150,000.

The fact that the gold stocks held up today may signal a bit more upside in POG near-term. But a substantial correction looks to be close.

This could be the last chance to load up on gold and gold stocks on the cheap before a major upthrust gets underway.
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