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Gold/Mining/Energy : Goldcorp
GG 11.19-2.0%Apr 17 5:00 PM EST

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To: NYBob1 who wrote (88)10/23/2007 10:51:23 PM
From: NYBob1  Read Replies (1) of 185
 
Gold has adopted a consolidative tone after Monday's
corrective activity left solid supports at $730
and $720 unthreatened.
Good intervening support is now noted at $747.50/00
and $745.50.
While further short term tests of the downside can not
be ruled out, setbacks should be viewed as buying
opportunities.

A rebound above $762.00/50 and $768 is needed to clear
the way for a retest of last week's high at $771.75.
Further out, the dominant uptrend continues to suggest
potential for tests above $800 with key resistance
defined by the $875.00 all time high from Jan-80.

dd....
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