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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 387.98

+1.3%

Nov 28 4:00 PM EST

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To: Crimson Ghost who wrote (15837)	10/27/2008 10:02:03 AM
From: Rarebird	Read Replies (2) of 29622

Short term, the US interest rate cut this week should provide some support for Gold Mining shares as forced liquidation pressure continues. However, when forced liquidation eases, precious metal shares will most likely soar as hedge funds buy back in. This is a great intermediate term profit opportunity to gradually scale into precious metal shares. But let's be realistic here, Crimson Ghost, the vast majority of traders are only interested in catching a brief rally for the short term. How many people do you know who are interested in a possible intermediate term profit opportunity here?

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