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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 362.31

-1.8%

4:00 PM EST

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From: gold$10k	2/13/2008 4:13:22 PM
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Technicals give me good reason to expect gold stocks to be above the daily Bollinger Band midpoint by the end of this week and to have broken out of the triangle to the upside by the end of next week. Although the seasonals argue that the breakout will not occur until mid-March, it is also true that the current correction began in mid-January rather than the typical early-February which could justify an earlier breakout. All the same, in the past months we have seen technical patterns broken in waves of panic. I am hesitant spend my remaining 13% cash in case even better bargains should appear.

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