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Non-Tech : The Woodshed

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To: TheSlowLane who wrote (35502)	12/10/2005 11:56:21 AM
From: SwampDogg	Read Replies (1) of 60901

Even the best "timers" are going to be too cautious here. Of course we will see a correction in the POG at some point but I would not be surprised to see many gold stocks go up while the metals come down. Just getting ready to buy more and certainly not selling any. This move in gold could go anywhere. Yesterday coould have been it or we could see another $150. Silly to talk about being overbought as these indicators always fail in a trend. Oil stocks did not "confirm" the move in oil a couple of years ago and then wham! My strategy has been to move towards juniors with very good prospects that have not moved much over the last year. If we get a correction they have nowhere to fall to and if gold keeps going they will participate. If we do have a strong correction I will look more at the majors again. FWIW IMO we go higher before a pullback after perhaps some sight weakness early in the week. Example Low volume may signal running correction. Cleraly looks like we are in a wave 4 in the IT off the Oct low. stockcharts.com

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