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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 393.24

+1.1%

Dec 11 4:00 PM EST

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To: orkrious who wrote (17770)	2/25/2009 10:39:36 AM
From: ItsAllCyclical	Read Replies (2) of 29622

Yes it is too premature. I bought yesterday, but I'm taking profits on what I bought. At the least I think we'll retest the lows from yesterday, but I'm guessing something a bit lower is coming. Probably not dramatically lower, but who knows. Doing a combo of holding some core issues and trading around the core here. Don't want to be completely out, but nor am I going to ride everything back down. 920 POG seems like a high probability. Lower numbers are still possible. I'll likely be buying around 920 again, but we'll see when we get there. Agree outside possibility that yesterday was it for the pullback, but I think it's a lower probability. For yesterday to be it we need gold up another $10+ from here on a closing basis in the next 1-2 days otherwise 920-930 seems like a lock.

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