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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 399.01

+0.1%

Dec 19 4:00 PM EST

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To: Wade who wrote (7198)	7/14/2007 1:22:13 AM
From: Sittin_on_my_yaya	Read Replies (2) of 29622

Fed pumped $13 billion into market today. So market should move on up. Interest rates and dollar should decline, therefore PMs should move on up too. Lots of folks don't like buying pms ahead of gold options expiration, but doubt there'll be much of a problem. We could even climb through the market's overbought decline coming soon (because we are not overbought and the dollar should crater). According to Quince who has puts on TLT until Aug. 13, where interest rates should bottom. So, maybe we've got til about then before we have our swoon, to resume an uptrend around 3 weeks after that-- more on less on schedule. Quince says no major decline until 14,600ish I think. So I don't know if the market can run another 700 points by the end of next week, so maybe it's not the big one. As long as i have been following Quince he's been accurate to within a day or so. Zeev is the best trader I know, however Zeev apparently has cancer and is undergoing chemo treatments and some of his calls lately haven't been on the mark due to sometimes long absences from the markets and maybe not feeling so hot. Quince really relies on his dates a bit too much and I've seen him dump a stock at a loss, only to have it turn around on him the next day. But who hasn't done that. I knew they were going to put a halt on gold today when we were up Thursday when I would have liked it to be down and lease rates shot up from 9 to 12. Lots of people bailed today also because of options games this week. I sold half of GRS this morning, but had to go to doc and did not rebuy like everyone else did at 11.97 to 11.99 since I wasn't here to do it. Still think that one will move up though. It did fill the gap someone was speaking of before the decline. That gap had been filled anyway, on its decline. Still have excellent op. to move to 360-370 before a pullback of any consequence. JMO

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