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Pastimes : The Philosophical Porch
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To: Real Man who wrote (3940)3/30/2009 9:40:13 AM
From: Rarebird  Read Replies (2) of 26251
 
Oil and Gold Fragments:

USO:

USO has moved up to the upper trading band and close to the resistance line. So far, it has been nothing more than a bear market rally and owes much of its recent strength to the weakness in the US Dollar. A decline to new lows is likely by the end of the first week in May.

Gold:

Gold is close to a top, but may have one more rally left in B. After that, it's all downhill to a wave C low.

Mining Stocks:

Time to say goodnight, Vi. Sell gold and silver mining stocks.
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