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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 399.29

+0.9%

Dec 17 4:00 PM EST

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From: TH	2/24/2009 12:25:01 PM
	2 Recommendations Read Replies (2) of 29622

Did the Comex boys just get their chance to cover or is there more down ahead? This looks like another organized wackjob on the POG and miners. I thought we would attack the highs at the very least, for the situation now is so much worse than a year ago. I'm holding and thinking about a small add or two. Eventually POG is going to reflect the irresponsibility of the Fed, the Treasury, and clowngress. I believe fundamentals will prevail. GT TH EDIT This is actually what we want to see, well half of it anyway. A sharp POG and miner sell-off and then a strong rebound. I'll think it will happen today or tomorrow. If POG is really doing it's job, and not just this months trading play for the hedge monkeys, then POG on any weakness is bought in size. Let us see if that happens, and I think it will.

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