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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 387.39

+0.5%

4:00 PM EST

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From: gold$10k	5/4/2007 11:22:30 PM
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Having just reviewed Gary Dorsch's weekly tome on the markets, the bottom line (again) is that the Fed and other CBs around the world are printing money in an ongoing competitive devaluation and pushing most markets higher. This is not news to us. Then the question becomes, "Which investments have the greatest and most reliable upside leverage in this environment?". I believe that those who are reading this thread have already come to the same conclusion that I have. Still I am a doubter and always looking for the "gamboni" (for those of you who have read "Trader Vic" Sperandeo)... the unforeseen exception. HUI has been consolidating for a full year while forming a bullish triangle in which the only remaining significant resistances are at 370 and 400. stockcharts.com But OTOH, even though I saw the action of the past 3 days as pointing higher, HUI 325 is still within the bounds of the bullish scenario. A tricky game as ever.

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