Gold and Silver Juniors, Mid-tiers and Producers Message Board

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

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From: loantech	10/30/2006 8:19:32 AM
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<The gold shares are brewing up for a major move. After enduring a correction in the JSE gold stocks that stared in January we are, at last, giving all the signal of a major breakthrough. This break will constitute an end to the correction and the start of a brand new bull phase that should take all the gold shares to new highs above all their 2006 peaks. A serious upside breakout should also take the JSE Gold index to new all time highs and break above the 3700 high made in 2002. This is the end of the old correction that has been with us since the start of this year. But one of the main sources of bullishness is coming from the penny stocks, especially the North American gold and silver pennies, of which there are hundreds. These junior miners, developers and mining rights holders are starting to break upside off some serious base patterns that have developed over the past year. These stocks will not move and look so positive unless the gold price moves. These penny stocks are acting as lead indicators for the main gold stock market. 321gold.com

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