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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 408.23

+2.3%

Dec 22 4:00 PM EST

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To: jimsioi who wrote (7953)	8/22/2007 8:54:24 PM
From: SwampDogg	Read Replies (2) of 29622

FWIW the cleanest count in $copper is that we are in Wave 2 of a larger (5). The large correction in 2006 was definitely 3 waves so it was corrective. The rally into 2007 was either truncated or copper will soon rally over $5.00 and probably eventually towards $8.00. I like this scenario for 2 reasons: 1) It is the cleanest and most obvious count. Don't think..look 2) Nobody on the planet is talking about it stockcharts.com I do not own BMs here but if copper makes a new high I sure will. This implies hyperinflation. The bullish count would be negated if we break the low of early '07 and confimed if we make a new high. One must say that copper has held in very well in the past month considering it is Dr Copper

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