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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To: loantech who wrote (25256)	12/17/2006 11:18:13 PM
From: Rarebird	Read Replies (1) of 78411

Gold Update: The trend is neutral here. Gold will likely build a base now for a huge rally to new all time highs in 2007 (second half). Gold Mining Stocks (GDX): The Gold Mining Stocks should come under pressure as I expect a sharp stock market correction in the January/February time frame. That is to say, the pull of gravity appears likely to send mining stocks tumbling in the near future despite the promise of a longer term uptrend. It should be a good buying opportunity in the first quarter of 2007. I sold GDX on December 7: Message 23079498 I think it is wise to hedge or reduce exposure to the stock market here, including mining stocks and energy stocks. Currently, I'm long Oil (USO) and higher interest rates via RRPIX. I'm a little over 91% cash. Risk is extremely high here. Recent strength in the US Dollar Index is a sign it is close to bottoming. That could last for 6 months.

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