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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: Proud Deplorable5/12/2006 1:57:07 AM
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The Price of Gold

"The top callers are going to make fools of themselves one more time. As soon as they apologize to their readers off they go and do it again. There is no question the action is going to get wild, but there is a high probability that the Angel at $887.50 are pulling a lot harder on the gold price than $682.

This is the REAL THING, the Big Kahuna, because it is being denied so vehemently. That can easily seen by how goosey the gold shares are as long positions exited feeling smug tonight for making it out while the getting was good. These Trader Horns will be sorry soon. Gold is headed to the high $800 in this chapter right here, right now. $100 swings are going to be common place with gold trading not at ten cent clips but $1-4 dollar spreads.

Tighten your seat belts and hold on. Avoid credit like a disease as the ride has just begun.

By the way if you think the approach to $600 and $700 was interesting wait until you see what happens as gold closes in on $800. That is going to be the real fireworks.

Good night my friends. See you in the AM.
Jim"


Sinclair

jsmineset.com
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