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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 457.82+1.3%Jan 23 4:00 PM EST

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To: ecrire who wrote (10954)1/7/2008 11:41:12 PM
From: jimsioi  Read Replies (1) of 29622
 
ecire, Gallemore's trend indicators a mixed bag...
chartingyourfutures.com

Energy turning down from very high in the scale...their momentum is falling like a rock....

Gold and silver are still in positive mode with rising momentum

Copper hasn't gone anywhere yet its trend indicator is at 70

Dollar trend indicator is starting to curl...up

The stock indexes are working on support...

Right here with energy looking vulnerable and the dollar looking likely to base, and the stock market vulnerable, I don't see this as an opportune time to increase risk exposure.

Gold and Silver in their strong seasonal...Open Interest is very high with attention being drawn to the high speculative part there of...3rd wave of the 3rd wave of the 3rd....yes, maybe, or the seasonal peak followed by a rising dollar and a correction of $50 minimum....I don't know and don't pretend to... I do think Narcini is right that the ownersihp is increasing longer term oriented and that therefore is less likely to be shaken out...Don't buy the spikes, is my advice to me...

Gold overnight in Asia needs to take out about 864 to turn this short term formation bullish...
isht.comdirect.de

Will be watching......
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