Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Wade who wrote (31629)	11/30/2011 1:03:46 PM
From: Wade	1 Recommendation Read Replies (1) of 48092

<..Therefore, the 2nd of the correction could be 6-months as well, which would be in around March and April 2012. But, the steep drop and sharp reversal could shorten the time frame significantly. We shall see. > It is still in the play. If GDX is still in the post X-wave correction the current rally may end between 62 to 65. Then, followed by another smack down to low 50's into March/April. Then rebound to breakout and to new high. However, if GDX has finished its ABCDE correction from Dec. 2010 to Oct. 2011, then, GDX is ready for running to ~75 area from here. We shall see. Good luck. Lots of if's, but that is the nature of the market.

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