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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 443.45

+1.4%

4:00 PM EST

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From: jimsioi	11/8/2007 5:34:33 PM
	Read Replies (1) of 29622

GOLD's (GLD) upward momentum peaked today?? Looks to me based the hourly chart that momentum peaked today, probably really yesterday, and that a $20 drop has a better chance than any other time recently to occur over the next few trading days. stockcharts.com Maybe it's just my wishful thinking as a buyer at that level...approx. $80 for GLD..back where there is a gap. The dollar has been down 11 out of the last 13 days...maybe its luck will change a litte and we'll see some releif of the oversold condition. stockcharts.com After today's shifting about and late purchase of some SST.v, I'm running with 21% of portfolio in GLD and 39% in miners, precious, base and uranium with a shift toward the PMs.

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