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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 421.32

-0.5%

Jan 16 4:00 PM EST

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To: Andrew who wrote (20179)	12/16/2009 3:55:06 AM
From: Andrew	1 Recommendation Read Replies (2) of 29622

I'm thinking I did the right thing selling some into this recent rally. I have raised cash to just over 50% and still hold some Gold stocks as well as one oil stock which I believe is a special situation ( any stock that rises while the commodity they produce is dropping in price must be good? lol) GTE if anyone cares. I want to start buying but I'm not feeling it just yet. Major support for Gold I see is around 1000. As always I can be and am often wrong. I'm not going to rush back in just yet 100%. I still have good exposure to Gold stocks and though I've always been better at picking tops (I made first post in a year right at the recent top) I'm not as good at picking bottoms. But I do think this will be a short correction. Too many reasons for Gold to go up here IMO.

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