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Gold/Mining/Energy : Canadian Warrants Only
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To: PaperPerson who wrote (4063)5/2/2008 6:03:22 AM
From: PaperPerson   of 23102
 
Not to sound too rosy....on a negative note, the Aden sisters, who did a fairly good job preparing subscribers for this gold correction, are saying "The gold price fell clearly below the April low this week and gold (basis June) is weak below $925. The weakness (D decline) could last into the summer months and in a worst case, the 65-week moving average could be tested (see Webextra). Silver is similar. It's weak below $17.80 (basis May)."

That webextra chart on gold that they refer to shows the 65 week moving average as their bottom-line support level. That could take gold down to $766, the Adens indicate.

Michael
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