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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 408.23+2.3%Dec 22 4:00 PM EST
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To: loantech who wrote (14789)9/9/2008 5:12:13 PM
From: gold$10k  Read Replies (1) of 29622
 
Furthermore and FWIW, I see a number of potentially positive secondary indicators

1. HUI and GDX price now half of their March highs
2. New all-time high GDX volume today
3. New all-time low XAU/GOLD ratio today, indicating an all-time sentiment low.
4. An intensified feeling of panic with an increasing number of juniors selling for near or less than their cash on hand, i.e. valuing their substantial in-ground assets at zero
5. After rising for 8 straight weeks, the dollar appears to be stalling just below previous major-support-turned-resistance at 80 and its daily chart has made 3 bearish dojis in the last 5 trading days.

OTOH, price action in all things gold still stinks and cheap can always get cheaper regardless of all logic and reason.
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