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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 399.01

+0.1%

Dec 19 4:00 PM EST

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To: the Zwei who wrote (16793)	12/26/2008 3:54:38 PM
From: jimsioi	Read Replies (1) of 29622

theZWEI - $25 GOLD gain in Pakistani troop movements. Was buying GDX and other individual miners early - went away sulking when most new positions were slightly under water, only to return and see GOLD had jumped 20-25 dollars...I proceeded to add... I suspect once London is open and especially when the Canadians get back to work on Monday, along with their associated naked short sellers in the Cayman Islands, that they'll be some retrace of today's move...Geo-political rallies don't have a way of holding and the dollar usually firms if the situation is truly tense...BUT up is up and there are many reasons for gold / silver and its miners to rise, so one goes with the flow, expecting a pull back on which to be add some more. GDX - might put in a new high recovery close here... stockcharts.com and GLD is crossing over its 200 day simple moving average... stockcharts.com Pleasant way to end the week though I much would prefer the rally was due to some bearish hedge fund going belly up or that the SEC and CFTC finally thought to enforce security and trading regulations.

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