Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Claude Cormier who wrote (64021)	3/8/2009 5:29:13 PM
From: kayco	1 Recommendation Read Replies (1) of 78408

Claude I looked at the charts on Friday night of AUY, GG, NEM, ABX, NGD, NXG, RIC. The only chart that looks strong maybe is RIC and I would not buy it unless it breaks out above $2.95 in volume. But looking at the rest of them I just have not seen the strength over the last several days. I expect to see strength on a daily basis. Gold was OK last week, but most of the gold stocks had no strength Friday afternoon. Also gold right now is not that strong for the crisis we are in. It is hard to justify buying gold stocks on the basis that we will need an apocalypse to drive them. I am also a believer that at present time people may run for US bonds. Maybe 18 months from now they will drop the bonds and really head for gold - when the money supply kicks in. Look forward to your feedback - thanks

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