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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 421.29

-0.5%

Jan 16 4:00 PM EST

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To: gold$10k who wrote (12713)	3/20/2008 11:56:39 AM
From: jimsioi	Read Replies (1) of 29622

This could be a bottom??? In as much as I'm not doing any buying I suppose it very may well be....Just holding on is tough enough..I think I will give these resource markets through early next week to right themselves....I have the feeling something under 900 gold will be seen as some of these hedge funds unwind their leverage through to months end, and that through window dressing for the quarter they'll be some retest of today's lows...Might be wrong...of course, but there has been considerable technical damage done this week which will take some time to digest. Many a new long left holding the bag up at 115 OIL and $1000 Gold..Wouldn't surprise me to see a large trading range develop between something lower than today's lows and short of the recent highs..A trading range that might last 6 months or more... I'm tired .... glad the markets are closed for three days...won't lose any money...

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